WEST PALM BEACH, FL (HedgeCo.Net) – Credit Suisse First Boston Alternative Capital Inc. has registered with the SEC to offer five limited liability hedge fund interests. According to the filing, thenew funds are; the CSFB Alternative Capital Multi-Strategy Institutional Fund LLC, the CSFB Alternative Capital Event Driven Institutional Fund LLC, the CSFB Alternative Capital Long/Short EquityInstitutional Fund LLC, the CSFB Alternative Capital Relative Value Institutional Fund LLC and the CSFB Alternative Capital Tactical Trading Institutional Fund LLC.
The new funds will be offering 10,000 units according to the filing documents. Each unit is offered at $100 each. The new portfolios hopes to achieve superior risk adjusted returns by pooling together investment assets to be allocated to different hedge fund vehicles through a master feeder structure.
According to the released statements, the new funds will apply a multi-strategy format utilizing assorted hedge fund strategies and managers. Each portfolio will allocate assets based on the manager�s independent investment analysis and needs. The event-driven portfolio according to the filing, will invest in event-driven strategies globally, including equity special situations, capital structure arbitrage, credit trading, distressed investing and risk arbitrage.
The other funds will invest in strategies as specified in their name. For instance Long/Short Equity Fund will invest in the long/short equity, equity market neutral and dedicated short strategies arena, while the Relative Value Fund will invest in hedge funds that pursue relative value opportunities, such as convertible arbitrage, and fixed-income arbitrage.
The filing also stated that net exposures for the new hedge funds would vary from one another. The fee structure for the new funds was not immediately made available.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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