WEST PALM BEACH, FL (HedgeCo.Net) – Santa Barbara Investment Capital (\u00c3\u00af\u00c2\u00bf\u00c2\u00bdSBIC\u00c3\u00af\u00c2\u00bf\u00c2\u00bd) has announced the launch of a new hedge fund, the Diversified SBIC Partners, LP. The fund was launched on October 1, 2004according to company\u00c3\u00af\u00c2\u00bf\u00c2\u00bds released information.<\/p>\n
According to SBIC, the Diversified SBIC Partners, LP was launched with \u00c3\u00af\u00c2\u00bf\u00c2\u00bd$16 million in equity and $52 million in assets.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd 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.<\/p>\n
SBIC said the new fund \u00c3\u00af\u00c2\u00bf\u00c2\u00bdis 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\u00c3\u00af\u00c2\u00bf\u00c2\u00bdt\u00c3\u00af\u00c2\u00bf\u00c2\u00bd G\u00c3\u00af\u00c2\u00bf\u00c2\u00bdn\u00c3\u00af\u00c2\u00bf\u00c2\u00bdrale. Investments in alternative investments are made by Lyxor Asset Management in Paris, a subsidiary of Soci\u00c3\u00af\u00c2\u00bf\u00c2\u00bdt\u00c3\u00af\u00c2\u00bf\u00c2\u00bd G\u00c3\u00af\u00c2\u00bf\u00c2\u00bdn\u00c3\u00af\u00c2\u00bf\u00c2\u00bdrale, with asset allocation provided by SBIC.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd<\/p>\n
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.<\/p>\n
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<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
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