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Opalesque Exclusive: LatAm specialist Copernico launches new class of shares for Copernico Special Situations Fund
Copernico Capital Partners (Bermuda) Ltd. (“Copernico”), the independent investment manager, focused on Latin America, launched on August 1st , the class B shares of the Copernico Special Situations Fund (“CSS”).
This new class of shares offers better liquidity terms to the investors (i.e quarterly liquidity with a one year redemption fee compared to the 2-year lock-up for the original series) and carries a higher management fee.
The objective of the CSS Fund is to generate superior uncorrelated returns by investing in selected special opportunities in Latin America that require a longer investment horizon such as capital funding (asset back lending, transition financing, acquisition/LBO, etc.) and in event driven strategies (distressed, merger arbitrage, de-levereging, etc.). We believe that both strategies offer a very attractive risk-return profile throughout the Latin American space.
The CSS Fund is an open-end fund, launched in August 2006. With US$ 56mm of AUM, the original series of shares has a CAGR of 11%, annual standard deviation of 3.33%, 92% of positive months and it is + 3.2% YTD
As of July 2008, Copernico Capital Partners manages a total of US$ 265million through a combination of hedge funds and managed accounts, for global financial institutions, pension plans, private banks, funds of hedge funds, family offices and high n...................... To view our full article Click here
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