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Peter Vermeulen, editor of www.inveztor.nl, sent Opalesque the latest news from the Dutch hedge fund industry:

Go Capital, the Amsterdam-based fund manager of the Global Opportunities Fund that is in the unwinding process, started a new fund as of February/March called 'European Opportunities Fund'.

Management fee is 0.125% per month (1.5% per year). Performance fee is 0% in 2009 and 2010 and 20% beyond December 31, 2010. Go Capital A.M. closed down a hedge fund as AUM had halved in November-08 (Opalesque Exclusive).

“There has been a lot of press on Go Capital and the lifetime fees that they scooped up during the course of the Global Opportunities Fund,” Peter Vermeulen said, “while shareholders who got in at a later stage incurred hefty losses (and never profited from earlier successes of the award winning fund). The zero performance fee in 2009 and 2010 and the lower management fee might be a gesture of good will towards disgruntled shareholders from the old fund that is in liquidation mode.”

Theta Capital, also advisor of the ......................

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