Last Atlantis Launches New Share Class

Jan 16 2007 | 10:54am ET

St. Thomas, Virgin Islands-based Last Atlantis Capital Management this month launched the LACM Total Diversified Share Class T, which incorporates a defined blend of hedge fund strategies from the Last Atlantis Partners master-feeder fund.

The current strategies employed in the Class T include split-strike conversion, high-yield, multi-strategy, discretionary global macro, trend-following futures, discretionary short-term futures, proprietary options and discretionary options. By providing exposure to multiple strategies within a single offering, it seeks to deliver non-correlated returns focused on capital preservation, low annualized volatility, and a Sharpe ratio greater than 2, according to the firm.

The new share class charges a 1% management fee and 10% performance fee, with a $10 million minimum investment requirement. It has a 24-month lockup period and quarterly withdrawals with 100 days notice.

Last Atlantis Partners is a master-feeder fund that currently offers investors access to 15 segregated share classes with individual fund strategies incorporating proprietary and discretionary options, trend following futures, multi-strategy, global macro, real estate financing and others.

The firm was founded by Irwin Berger and Stig Ostgaard, one of the original “Turtles” traders, and Last Atlantis Capital, a trading firm with systems incubation and trading technology.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...