Wednesday, 1 April 2015
Last updated 5 hours ago
Dec 18 2006 | 2:27pm ET
New York-based Stillwater Capital Partners’ hedge fund and fund of funds are having another strong year.
Through November, the firm’s hedge fund, The Stillwater Asset Backed Fund, is up 10.16% net, its asset backed fund of funds, The Stillwater New Finance Fund, is up 10.41% net, and its flagship multi-strategy fund of funds, The Stillwater Advantage-20 Fund, is up 12.75% net.
“Focusing on the asset-backed lending space enables us to produce the lower volatility, steadier return pattern our clients are looking for. This is truly a market-neutral strategy that can generate absolute returns, especially with the asset-backed lending where you’re making loans and the interest from those loans end up being the returns to investors,” said Jonathan Kanterman, managing director.
“As long as you have thorough due diligence, expert underwriting and diversification... and you make sure your collateral is above your loan amount, then if there ever is a default you’re able to take back the asset and dispose of it, recouping your interest plus principal. If you’re looking for 10-12% steady returns with very low volatility, then it’s a great strategy.”
The Stillwater Asset Backed Fund charges a 1% management fee and 20% performance fee, and both funds of funds charge a 1.5% management fee and 10% performance fee. The firm’s funds of funds do not invest in its in-house hedge fund. All three products have a minimum investment requirement of $500,000.
Stillwater, which currently manages over $650 million, was founded in January 1997 by managing principals Jack Doueck and Richard Rudy. Stillwater is independently and fully audited and registered with the Securities Exchange Commission.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…