WEST PALM BEACH, FL (www.hedgeco.net) – Empire Capital in Mt. Vernon, NY has launched a new hedge fund, the Empire Capital Growth Fund. The new partnership will devote its trading activities tobuying and selling Exchange Traded Funds [ETFs]. The portfolio manager for the fund will be Karl Hormann. When asked about the new fund Mr. Hormann remarked, �The trading strategies utilized by theGeneral Partner will incorporate sophisticated technical analysis trading models issuing signals and other analysis formulas developed by the Investment Manager. Continuous assessments of theeconomic environment and cycles will also be employed to isolate both positive and negative trends in sectors and industries thus profiting from economic cycle turns.�
Hormann�s new fund, named Empire Capital Growth Partners LP, was recently launched on June 25, 2005 as a US domiciled fund. Mr. Hormann tells us the new hedge fund will primarily be invested in exchange traded funds (ETF�s), inverse and leveraged funds and sector funds to gain exposure to these trends in favorable sectors or indexes. �The objective of using ETF�s or sector funds is that the Investment Manager insulates the fund�s investors from adverse movements in specific stocks, while capturing the gains of the sectors moves in either direction,� he added.
The minimum investment requirement for the new fund is $250,000, and the fee structure includes an incentive fee of 15 percent, with a High Water Mark, and 1.5 percent for management costs. The fund carries a 5-month initial lock-up period, and allows quarterly withdrawals on 30 days notice. Additional information on the new Empire Capital Growth Partners LP could be obtained by visiting the company website at www.empirecapitalfund.com or by calling [914] 522-2030, or emailing Mr. Hormann at: karlh@empirecapitalfund.com . Empire Capital is also listed on hedge fund database HedgeCo.Net, www.hedgeco.net.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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