Thursday, 28 August 2014
Last updated 8 hours ago
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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...