WEST PALM BEACH, FL (HedgeCo.Net) – Santa Barbara Investment Capital (�SBIC�) has announced the launch of a new hedge fund, the Diversified SBIC Partners, LP. The fund was launched on October 1, 2004according to company�s released information.
According to SBIC, the Diversified SBIC Partners, LP was launched with �$16 million in equity and $52 million in assets.� SBIC began its alternative investment management venture in 1995. Currently the firm oversees a total of four funds of funds, managing over $50 million in equity.
SBIC said the new fund �is open to 3(c)(7) U.S. investors and all foreign investors. The partnership purchases European Style Call Warrants through SG Structured Products, a unit of Soci�t� G�n�rale. Investments in alternative investments are made by Lyxor Asset Management in Paris, a subsidiary of Soci�t� G�n�rale, with asset allocation provided by SBIC.�
The new product aims at consistent performance, with long-term capital gains taxation. This will offer investors a potential for leveraged returns in the range of 15-20% according to SIBC statements. Fee structure and minimum investment requirements were not immediately made available.
Further contact and information needs should be channeled to William R. Beckers, President Santa Barbara Investment Capital. Phone: 805-963-2266 Fax: 801-991-4627
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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