(1888PressRelease)
August 25, 2008 - 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.
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, currently advising over US$200 million in client assets. Since 1999 Capricorn has produced superior risk adjusted returns in its 'pure alpha' strategies managing an additional US$75 million, trading high liquid currencies as managed accounts and offshore funds for Individual and Institutional clients.
For further information please access our website at; http://www.capricornfx.com.
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