Wednesday, 23 July 2014
Last updated 2 sec ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…