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From Benedicte Gravrand, Geneva:
Founded in 1994 by Dion Friedland, Magnum focuses on identifying hedge funds and combining them into funds of hedge funds. Magnum offers 9 offshore funds of hedge funds, 2 offshore feeder funds and two funds of hedge funds for U.S. taxable investors.
In addition, Magnum specializes in creating private-label funds of hedge funds for third parties. The company works closely with many investment professionals in assisting them to establish hedge funds and has sponsored over a dozen hedge funds. The funds have been consistently ranked as the best performing funds of hedge funds in the world over the past 1, 2, 3 and 5 year periods.
The company has offices in Nassau and in Florida with a staff of 15 full-time professionals who identify, track, monitor, and perform the necessary due diligence on hedge funds.
Dion Friedland, Magnum’s chairman, is an entrepreneur and has been investing in hedge funds since 1985. He talked to Opalesque about his latest single-manager fund, which is managed by Magnum.
MG Collateralized Debt Fund
The fund’s objective is to achieve consistent returns through investing in a diversified pool of loans secured by hard real estate assets in the U.S. The fund buys short and intermediate term notes and loans secured by real estate or with components of real estate as collateral. These loans are sourced by various third parties, inclu...................... To view our full article Click here
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