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Theta Capital launches fund for `deep value strategies`
Theta Capital Management, a leading independent fund of hedge funds manager based in
Amsterdam, the Netherlands, has launched Europe’s first public fund of hedge fund vehicle with a
longer lock-up. Theta Deep Value Fund targets returns of 15-20% net of fees over a five-year
investment horizon and in order to align manager interests with those of investors, its fee
structure is fully geared toward performance. Investors in the fund are subject to a two-year lockup
period.
Theta Deep Value Fund was launched on 1 July 2006 whereby ‘seed’ investors subscribed for
an initial round of EUR 40 million. Subsequently, Theta has opened this new and innovative fund
to outside investors on 1 January 2007, accepting an additional EUR 30 million of capital. Going
forward, Theta may selectively open the fund to new and existing investors, depending on the
availability of investment opportunities that match the criteria for the Theta Deep Value Fund.
An increasing number of hedge fund managers are creating vehicles in their area of specialization
where long term capital commitments will have the potential for higher returns. The investment
strategies focus on situations where an event is likely, but where the timing of entry and exit
points is difficult to determine. This calls for capital which is committed for a longer period and
less sensitive to intermediate volatility. Theta Deep Value Fund was creat...................... To view our full article Click here
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