{"id":43216,"date":"2014-07-24T08:25:39","date_gmt":"2014-07-24T12:25:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43216"},"modified":"2014-07-24T08:29:36","modified_gmt":"2014-07-24T12:29:36","slug":"convergence-opens-hedge-fund-to-qualified-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2014\/convergence-opens-hedge-fund-to-qualified-investors.html","title":{"rendered":"Convergence Opens Hedge Fund To Qualified Investors"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/08\/pic-page31.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-17045\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/08\/pic-page31.jpg\" alt=\"Investor protection\" width=\"283\" height=\"381\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/08\/pic-page31.jpg 283w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/08\/pic-page31-222x300.jpg 222w\" sizes=\"auto, (max-width: 283px) 100vw, 283px\" \/><\/a>New York (HedgeCo.Net) &#8211; California-based hedge fund manager, Convergence Capital Management Group LLC., is opening its\u00a0absolute return diversified multi-strategy fund,\u00a0Convergence Capital Partners Fund I LP. to qualified investors.<\/p>\n<p>The Fund was launched in May 2013\u00a0and has\u00a0since\u00a0returned 20.8% gross in fees.\u00a0Richard Hawkins, CAIA, and Alexander Olson are the managers of the Fund.<\/p>\n<p>&#8220;The Fund is designed for the preservation of\u00a0capital and will offer investors the advantage of an uncorrelated, stable return stream.&#8221;\u00a0Richard Hawkins, co?founder and fund manager, said. \u00a0By focusing on\u00a0the options market, the fund offers investors access to a unique asset class. We feel the fund will appeal\u00a0to both institutional and individual investors alike, and should be a core holding to further diversify their\u00a0portfolios.&#8221;<\/p>\n<p>The Fund targets a 12% net return annually to investors regardless of general\u00a0stock market movements. The Fund takes advantage of structural inefficiencies and behavioral\u00a0mispricings in the stock and stock option markets.<\/p>\n<p>The Fund offers \u201cFounder\u2019s Class A\u201d and \u201cFounder\u2019s Class B\u201d shares, allowing early investors the chance\u00a0to allocate opportunistically for better terms. The Founder\u2019s class shares require a minimum investment\u00a0of $100,000 and $500,000, respectively. Convergence will close these shares on December 31, 2014.<\/p>\n<p><span style=\"color: #000000;\">Alex Akesson<\/span><br style=\"color: #000000;\" \/><span style=\"color: #000000;\">Editor for\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br style=\"color: #000000;\" \/><a style=\"color: #743399;\" href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br style=\"color: #000000;\" \/><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a><span style=\"color: #000000;\">\u00a0is a premier\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a><span style=\"color: #000000;\">\u00a0and community for qualified and accredited investors only. Membership in\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><span style=\"color: #000000;\">\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<\/span><a style=\"color: #743399;\" title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a><span style=\"color: #000000;\">!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; California-based hedge fund manager, Convergence Capital Management Group LLC., is opening its\u00a0absolute return diversified multi-strategy fund,\u00a0Convergence Capital Partners Fund I LP. to qualified investors. The Fund was launched in May 2013\u00a0and has\u00a0since\u00a0returned 20.8% gross in fees.\u00a0Richard [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-43216","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43216"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43216\/revisions"}],"predecessor-version":[{"id":43223,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43216\/revisions\/43223"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}