Thor Hammers Out Double Leveraged Hedge Fund

Dec 10 2007 | 7:55am ET

New York-based Thor Asset Management is launching a double leveraged version of its $193 Million flagship statistical offshore arbitrage vehicle, the Thor Optima Fund. The new fund will start trading in early January and will offer weekly liquidity with no lockup period.

Thor Asset Management is a $240 million hedge fund shop that specializes in quantitative, high frequency and contrarian trading strategies. According to the firm, the Thor Optima Fund has returned over 16% on an annualized basis with a standard deviation of around 5% since inception in June 2004, and is up 9.88% year to date through November.

The new fund will target returns of 20% to 25%, with 10% to 15% volatility. It will charge a 3% management fee and a 20% performance fee and there will be a $100,000 minimum investment requirement. 

Founded in 2000, Thor Asset Management is headed by CEO Peter Kambolin and director of research Alexei Chekhlov.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.