Friday, 29 April 2016
Last updated 12 hours ago
Jan 21 2009 | 12:02pm ET
Corazon Capital, the Channel Islands and Geneva-based specialist investment manager, has launched a fund that will invest in a number of elite hedge fund managers to take advantage of “a set of exceptional circumstances.”
The Argentum Fund, which debuted this month, will give investors diversified access to 16 previously closed or hard-to-access “super” funds. It will aim for steady capital growth with low- to medium-volatility and will target institutional and high net-worth investors.
Many top hedge fund managers, previously closed to new investors for many years, have reopened their funds in the wake on huge redemptions and investment losses.
“The Argentum Fund comprises the cream of the crop in terms of hedge funds managers,” said Paul Meader, director of Corazon Capital. “Their superior skills have allowed positive returns in even the most hostile markets, making them some of the most sought after funds in the market.”
The fund has a total capacity of US$400 million and has targeted a soft close date of March 31, and is available in pound Sterling, U.S. dollar and euro share classes. The minimum investment is US$400,000 for share class A, and US$100,000 for share class B. Corazon Argentum will be offered in two forms: a Cayman domiciled open-ended fund and a U.K. listed medium-term note structure offered by Nomura.
Corazon Capital has over US$1 billion of assets under management in discretionary portfolios, institutional mandates and multi-strategy funds of funds.