WEST PALM BEACH, FL (HEDGECO.NET)- A new hedge fund with 0% management fee was just launched, according to a released statement. The fund, called UBO Inc. Alternative Investment Fund does not chargeits investors any management fee if the fund fails to achieve positive returns.
The manager of the new fund, Jef Rotblut however said if positive returns are achieved, investors in the fund would be charged a 50% performance fee. According to Rotblut, such strategy is good for both managers as well as general partners, because the emphasis is squarely placed on performance. Rotblut said many hedge fund managers would be content to charge investors in the fund about 2% management fees, and 20% performance fees, and relying on such steady income, but according to him, the new UBO inc. fund would pursue aggressive trading techniques geared towards superior performance.
Minimum investment for the new UBO Inc. fund is US$100,000 according to Mr. Rotblut, who is also the Chief technical strategist at Green Tree Capital Markets LLC; he also disclosed that trades for the UBO inc. fund would be channeled through Green Tree Capital Markets. The new fund is anticipated to raise between US$3-8 million, Mr. Rotblut says when such goal is reached, the fund would be temporary closed for an undisclosed duration, a strategy aimed at growing the assets in the fund, and at the same time pursuing the aggressive investment philosophy of the fund.
Mr. Rotblut explained that the new UBO inc. hedge fund would concentrate on US Index futures, through long/short strategy, investing with the trends identified through a careful analysis using the True Trend trading system.
Paul Oranika
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HedgeCo.Net
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