Saturday, 10 October 2015
Last updated 6 hours ago
Jul 7 2008 | 10:01am ET
Ermitage Group has launched a new fund of funds with an initial investment of US$45 million. The Ermitage Directional Fund will invest in a diversified portfolio of macro, trend-following and discretionary managers.
Directional’s underlying managers offer diversification in terms of markets traded, strategies and time horizon, and aims to deliver alpha from long and short positions. Currently, the fund is geared towards shorter-term statistical managers, as high-trend volatility ideally lends itself to this strategy. Trend-following managers within the portfolio at launch are focused towards benefiting from trends in the commodity markets.
The fund has a minimum initial investment of €125,000, a management fee of 1.5% and a 10% performance fee with a high watermark.
Ermitage last month launched a green fund of funds to invest in the alternative energy space.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…