Liberty Ermitage has brought out a global fund of hedge funds with some $50m raised via proprietary ...
Liberty Ermitage has brought out a global fund of hedge funds with some $50m raised via proprietary seed capital and from clients. The group hopes that the Global Strategies Fund, which came out during January, will grow to $100m over the next few months. Liberty Ermitage is investing the money in a mixture of arbitrage, macro, CTA and volatility-based strategies. Where the fund invests in long/short strategies, it is expected to seek out funds that have the ability to make money on their short portfolio rather than only using shorting as a protective measure. The multi-fund product ...
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