New Jersey Firm Launches Long/Short Hedge Fund

Dec 15 2009 | 11:55am ET

Jersey City, New Jersey-based Osiris Partners has recently launched its first investment vehicle, the Osiris Fund.

The hedge fund firm has been managing $6 million of partner money since January of this year, but its fund, which has returned over 210% year-to-date verses 24% for the S&P 500 index, is now open to outside investors. 

“The fund is a ‘hedged’ fund in the truest sense of the word. Our team’s objective is to immunize the volatility of the portfolio which in turn allows us to produce better than average returns consistently,” Michael J. Spak, one of the four senior members of the management team, told FINalternatives.

According to Spak, the fund utilizes a proprietary algorithmic trading strategy, taking long and short positions in order to take advantage of short-term dislocations in valuations due to market- or stock-specific events.

"This product is totally different because the team we have assembled will be offering this Osiris Fund LP opportunity to investors that would never have been afforded this type of fund management in the past," says Spak, adding that the minimum investment is $150,000.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...