Ads
August 15, 2005
New hedge fund from Highpoint Capital Advisors offers a different deal to investors.
A new hedge fund has been launched by Highpoint Capital Advisors, Delaware. The fund which started trading on 1st August goes by the name - Highpoint Domestic Partners LP. The fund started trading with only $1 million. The combined assets of the firm are over $11 million. The new fund employs long/short investment equity strategy. It also depends heavily on in-depth and concrete analysis of the market which provides it with the information about the strength of the fundamentals of the company. In order to invest in the fund, investors have to shell of a minimum of $250,000. The asset management fee charged by the fund is 1% along with a performance fee of 20% of the profits. The firm is committed to long term gains for it’s investors in all types of market conditions ranging from bear to bull and also when similar strategies enter the market and attempt to drive down returns. Add to this there is no lock in periods involved and there is provision of monthly redemptions. Hedgeco.net reports:
“The new fund allows for monthly additions and redemptions, with no lock-up provisions. Bear Stearns will provide prime brokerage services while Spicer Jeffries LLP and CCS Financial, Inc will handle the accounting and administrative functions respectively.”
Read More: Highpoint Capital Advisors unveils new Hedge Fund
--
Did you enjoy this post?
Comments
Post a comment
« Three new hedge funds on the anvil by Geronimo Partners | Main | Who said investing in Hedge Funds is risky? »
Syndicate
Comments