Friday, 25 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…