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From Kirsten Bischoff, New York: Jim Moore, who’s multi-manager, multi strategy hedge fund was profiled in depth by Opalesque in 2005 (old site), recently spoke with us about two managers added to the Triumph Investment Master Fund (“Triumph”) platform. Triumph invests in joint venture accounts with numerous floor and niche traders using various strategies on various exchanges around the globe.
New managers
Rekindling a partnership with Bob Algeo his former partner in Buttonwood Associates, an equities and equities options floor trading company, Triumph and Algeo will launch this program with $7.5m. Of this amount $1m will be placed into the program by Moore and they are looking to raise an additional $4m through TIF Fund Management. “We have classes of shares in Triumph and we are going to invest in Bob. But it is also going to be a separate strategy that people can invest in directly.” Moore stated. Part of Triumph’s unique structure (and one of their risk management tools) requires all JV-managers to invest capital into their individual program. Therefore, the remaining $2.5m will be funded directly by Algeo, whose goal in partnering with TIF is to create a vehicle that will distribute his share of the profits to charity on a quarterly basis.
In raising the remaining $4m, TIF is looking to sophisticated investors as this program (called Triumph-Algeo Shares) will be liqui...................... To view our full article Click here
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