New Jersey Firm Launches Long/Short Hedge Fund

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of