Stillwater Capital Makes Ripples With New Offshore ABS Fund

Jan 11 2007 | 1:15pm ET

New York-based Stillwater Capital Partners this month launched The Stillwater ABS Fund, a Cayman Islands-domiciled fund of funds, with $10 million in initial equity. The fund will invest in approximately 20 single-strategy managers all within the asset-backed securities space.

"We have some European clients who love the asset-backed space and are more comfortable with asset-backed securities because of the prime broker and independent pricing methodology," said Jonathan Kanterman, managing director.

"So, in asset-backed securities they can get the best of both worlds. The returns are almost as consistent as asset-backed lending, with lower volatility than traditional hedge fund strategies and compelling performance. The managers have third party pricing and there is a custodian and prime broker involved.  We're very excited about the new fund and have had great interest from European investors."

The new fund of funds, which complements the firm's existing asset-backed lending hedge fund, The Stillwater Asset Backed Fund, and its asset backed lending fund of funds, The Stillwater New Finance Fund, charges management fees of 1.5% and performance fees of 10% with a $500,000 minimum investment requirement.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.