Sunday, 21 September 2014
Last updated 2 days ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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