Olive Tree Launches Multi-Strat Fund

Jan 5 2007 | 11:48am ET

Cayman Islands-based Olive Tree Management in February is launching Olive Tree Capital SPC, a multi-strategy vehicle, with some $5 million in partner capital.

“We’re a purely multi-strategy, non-discretionary quantitative fund that trades purely liquid markets such as futures and equities,” said co-founder James Casper. “We’re short-term holders so it could be from a few minutes to a few days.”

The fund’s current strategies include equity, foreign exchange, commodities and futures, and our objective is to stay as diversified and non-correlated as possible. The firm is currently seeking other highly liquid, algorithm-based trading systems to incorporate into its fund, and Casper said has been inundated with proposals from different funds.

Olive Tree Capital charges 2% for management and 20% for performance, with a $100,000 minimum investment requirement for the first three months of subscription.

Olive Tree was formed in early 2006 by Casper, the founder of FXUC Solutions, an online foreign exchange services company, and Alex Waldman, a founder of the Waldman Diamond Group, a diamond manufacturer with global mining and marketing enterprises, who has been investing in the hedge fund industry for the past 25 years.

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