Saturday, 20 December 2014
Last updated 23 hours ago
Jul 15 2008 | 10:58am ET
Emerging markets credit shop Argo Group, which recently spun off from troubled Absolute Capital Management, is launching a multi-strategy fund of funds that will give investors exposure to its existing and future offerings in the hedge fund and private equity space.
The Argo MS fund is set to launch on Aug. 1 and will invest in the Argo Global Special Situations Fund, the Argo Fund, the AIM-listed Argo Real Estate Opportunities Fund and its private equity funds.
The firm expects to launch a range of funds in the near future focusing on sovereign and corporate debt, relative value, foreign exchange and rates, as well as in stressed and distressed credit. Argo MSF will invest in all the fund launches.
Argo MSF, structured as an umbrella fund domiciled in the Cayman Islands, will have multiple share classes denominated in euro and U.S. dollar. The minimum investment is $100, 000 or €100,000 with quarterly redemptions. Its management fee is 2% and its performance fee is 20%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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