GLOBAL - ING Furman Selz Asset Management (IFSAM) - a unit of Dutch institutional investment house ING Aeltus Group - has launched two new offshore hedge funds for institutional and private clients in Europe, Latin America and Asia.
British Virgin Islands-domiciled Windridge Partners International and Anvers Healthcare Investors International have been launched to take “advantage of the growing interest in sector investing by overseas investors”, said the firm.
The launch of Windridge Partners International mirrors that of US onshore fund, Windridge Partners last year. Both funds are managed by Jamie Handwerker, and are on long/short US equity basis, specialising in real estate equities and securities relating to real estate.
Additionally, the funds have investments in high yield preferred equity, special situations and selective arbitrage opportunities in real–estate related securities.
Minimum investment is $500,000 with a 1% management fee and a 20% incentive fee.
The launch of Anvers Healthcare Investors International follows that of US Anvers Healthcare Investors, also in 2000. Both funds focus on companies involved in all aspects of the healthcare industry and are co-managed by Leopold Swergold and Leslie Henshaw.
Minimum investment is $250,000, again with a 1% management fee and a 20% incentive fee.
*IFSAM has $10bn in alternative assets under management. IFSAM’s parent - ING Aeltus Group - is a subsidiary of Dutch financial services giant ING Group.
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