Horizon Readies To Launch Hedge Fund

Oct 31 2006 | 11:09am ET

Horizon Asset Management is set to launch its latest hedge fund tomorrow with $25 million in assets under management.

The new offering, the Protostar Master Fund, is being managed by CEO Murray Stahl, who will invest with a long-term time horizon in securities that he believes the market has undervalued, employing puts and calls in an effort to keep volatility low.

The new fund has an onshore and an offshore version. Fees are 1% for management and 20% for performance. The minimum investment is $500,000.

Morgan Stanley is serving as the prime broker, Goldstein Golub Kessler as the auditor, and Mayer Browne Rowe & Maw as legal council.

In addition to the new offering, Stahl also manages the Polestar Fund, a concentrated long/short fund which was launched in January 2003, as well as several other strategies.

New York-based Horizon Asset Management was founded in 1994 and has approximately $7 billion in assets under management.


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