Wednesday, 1 October 2014
Last updated 9 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...