Saturday, 23 August 2014
Last updated 17 hours ago
Sep 25 2008 | 8:55am ET
London-based Synergy Global Capital has launched an asset-backed lending hedge fund to invest in public and private small- to mid-cap companies worldwide.
Synergy Global Finance Fund debuted in June and has been profitable in its first two months of trading. Co-founder and CEO Stefano Ghersi declined to disclose exactly how profitable, and was also mum on its assets under management, saying only that it continued to take in capital.
Ghersi described the fund as a private, bilateral loan offering that has the collateral restrictions to recover the principal in the event of foreclosure. He said the firm wants to slowly increase the fund’s portfolio to $500 million, “so as to not have too much cash drag."
Synergy Global Finance charges a 2% management fee and a 20% incentive fee, with a $1 million minimum investment requirement.
Ghersi and Syd Hanna co-founded Synergy Global in 2007. Previously, Ghersi spent five years as head of capital markets at Nomura and Hanna managed the asset based lending business at hedge fund Cheyne Capital Management.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note