Gruss Launches $248M Levered Multi-Strat Fund

Sep 26 2008 | 10:13am ET

New York- and London-based Gruss Asset Management has launched a leveraged version of its multi-strategy offering.

Gruss Global Investors (Enhanced) debuted in July with $248 million in assets. Though the fund, a levered version of the Gruss Global Investors Master Fund, has gotten off to a slow start, down 0.25% in its first two months of trading, it is performing relatively well. All of the strategies in the Eurekahedge Hedge Fund Index were in negative ground last month, while the index overall fell 1.4%, its third consecutive down month.

The co-portfolio managers for the fund are Sean Dany and Mark Smith.

The fund charges a 1.5% management fee and a 20% incentive fee with a $5 million minimum investment requirement. It also sports a one-year lockup.

In addition, the $2.2 billion firm also manages the Gruss Arbitrage Partners fund, an event-driven offering.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR