Friday, 27 March 2015
Last updated 5 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…