Thursday, 28 July 2016
Last updated 2 hours ago
Dec 15 2009 | 10:55am 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.