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| Capricorn in the News | » Back | | | | -- Capricorn FXG10 Fund gaining attention
Currency specialist Capricorn Asset Management successfully launched a new fund this year that is quickly gaining investor interest.
ZURICH, August 08, 2008 (PRNewswire) -- April 2008 was the launch-date of Capricorn’s latest product offering, an Offshore FX Fund trading G10 currencies. The strategy is categorized as being Long Term, Fundamental that seeks alpha opportunities by exploiting currency arbitrage and exchange rate differentials. Seeding came from a small group of private investors with an initial CHF 0.7 million however, after 3 months of consistent positive performance an additional CHF 3 million has been committed to the fund. The fund has returned approximately 5% net of fees in its first quarter of trading. Capricorn CIO and Founding Partner Mikkel Thorup, developed the long term program to compliment the firm’s existing ‘pure alpha’ strategies.
Domiciled in the Cayman Islands, the fund is administered by CIBC Bank and Trust Company, and audited by BDO Tortuga. As an Offshore fund vehicle the strategy is currently only available to non-US citizens, however a US-onshore fund will be available in the next few months.
| | | Note to Journalists | |
Capricorn is an established currency manager with a global client base that includes; Banks, Asset Allocators, Institutions, Investment Funds and High Net Worth Individuals. As of today, the company has more than 50 years of experience within the investment advisory arena, and manages over US$70 million in client assets. For the last eight years Capricorn has produced superior risk adjusted returns in its investment programs, trading high liquid currencies as managed accounts and offshore funds for Individual and Institutional clients. The vision behind Capricorn is to reach our capacity of US$ 500 million, managing the assets of professional investors. To achieve this goal our aim is to provide premium investment programs that seeks, strong returns with low volatility and a low correlation to other investment vehicles. In order to strengthen our ability to add value to our clients’ portfolio, we choose to develop and maintain relationships with reputable financial institutions that are leaders in their field.
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CAPRICORN IN THE NEWS
Industry media such as Bloomberg, Dow Jones Newswire and Reuters have all interviewed Capricorn. Additionally, Capricorn has regularily participated in industry related events as panelists. |
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