- Advertisement -
- Advertisement -

Related

Carve Reopens for Subscriptions

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Carve Capital, part of Brummer & Partners, opens up its Carve 1 and Carve 2 funds for new and top-up subscriptions, according to a news release, the fund manager announced.

Carve, which is a global equity and credit hedge fund combining a long/short equity strategy with capital structure arbitrage, offers two different versions of its fund through the Carve 1 and Carve 2 feeder funds where differences in terms are related to liquidity and lock-up periods. The Carve 1 fund has a lock-up of three years after which the investment can be redeemed in increments of 25 percent each quarter. In the case of Carve 2, redemptions of 25 percent can be made every quarter.

As the Carve funds now reopen, there will be an opportunity to switch existing holdings from Carve 1 to Carve 2. The first day for signing up for new and top-up subscriptions will be September 28 (2018) for Carve 2 and December 28 (2018) for Carve 2.

Launched in November 2012, the Carve 2 fund has generated an average annual return of 3.6 prercent to an annualised volatility of 5.9 percent. However, during the last 12 months, the fund has suffered losses of 8.8 percent and is down 6.9 percent year-to-date, according to data on the Brummer website.

Picture © Cio—shutterstock

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.

Latest Articles

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.