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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.