Thursday, 5 March 2015
Last updated 4 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%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…