Last Atlantis Launches New Share Class

Jan 16 2007 | 11:54am 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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 
Error

From the current issue of