US hedge fund manager MTM Global Financial Services is looking for an offshore hedge fund partner. In order to raise approximately $50 million in capital for a REIT fund focused on newer US residential real estate in state income tax free Florida, Texas, Nevada and Washington.
The fund manager says, "By creating a joint venture with an offshore mutual fund, hedge fund, or high net worth individual, MTM Global Financial Services will provide the acquisition services, along with the day to day operation of the real estate rental portfolios."
"This is a straight up deal, with huge upside, that will offer transparency and integrity for the investors." the President of MTM Global Financial Services said, "we seek a joint venture partner, that is results driven, that values their reputation, and knows a good thing when they see one. We think this could become a lucrative long term enterprise for all involved."
4 May 2009
Swiss FoHF Announces Equity Buyback and Investment Program
Swiss alternative investment company ALTIN AG has said it intends to maintain its share price by buying back between 5% and 10% of its own shares, its Board of Directors has also approved a capital reduction program. The fund of hedge fund's management performance was predictably negative (-29.20%) in 2008, yet considerably higher than key stock market indices.
2008 proved a particularly harsh year for the financial markets, compounded by additional difficulties specific to the hedge fund industry. The severe credit crisis often forced hedge funds to fire-sell positions.
In addition, the increased correlation between hedge funds and equity markets did not protect them against falling stock markets. In performance terms, the year 2008 has thus been negative for hedge funds and ALTIN proved no exception with a -29.20% fall in its net asset value. However, in light of the losses incurred by world stock markets over the same period, this result is acceptable and hedge funds remain the best performing asset class over the medium term.
Invested in approximately 40 hedge funds, the company has chosen to avoid illiquid strategies that have caused the closing of a number of hedge funds, ALTIN’s manager has been favouring liquidity since 2007.
2008 proved a particularly harsh year for the financial markets, compounded by additional difficulties specific to the hedge fund industry. The severe credit crisis often forced hedge funds to fire-sell positions.
In addition, the increased correlation between hedge funds and equity markets did not protect them against falling stock markets. In performance terms, the year 2008 has thus been negative for hedge funds and ALTIN proved no exception with a -29.20% fall in its net asset value. However, in light of the losses incurred by world stock markets over the same period, this result is acceptable and hedge funds remain the best performing asset class over the medium term.
Invested in approximately 40 hedge funds, the company has chosen to avoid illiquid strategies that have caused the closing of a number of hedge funds, ALTIN’s manager has been favouring liquidity since 2007.
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