Saturday, 30 August 2014
Last updated 1 day ago
Jan 23 2008 | 1:00am ET
U.K.-based Monte Cristo Capital this month seeded a new special-situations hedge fund that will make tactical investments in global macro and distressed events. The firm invested about US$3 million in the Monte Cristo Special Situations Fund.
Bruce Goodwin, head of trading at Monte Cristo, said the time is right for such a “broad-brushed” fund because of global dislocations in markets and a rise in distressed valuations.
“We’ll do any types of trading across asset classes,” he said. “It’s a global macro fund, but we’ll throw in distressed investing as well if we find things that make sense. We have a background in investing in distressed illiquid markets and we’re bringing in a portfolio manager on May 1 to invest in more developed markets and liquid investments.”
Goodwin added that the fund is currently taking tactical positions in the volatile commodities and foreign exchange markets but those positions can change from month to month depending on new opportunities that may arise.
The Monte Cristo fund charges a 25% management fee and a 20% incentive fee with a 5% hurdle and a US$100,000 minimum investment requirement
Monte Cristo, which was founded in 2005, currently manages a US$33 million long-only emerging markets fund.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...