Argo To Launch Multi-Strat Fund Of Funds

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%.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note