Gemini Investments Strategies Launches New Hedge
funds
The New Jersey based Gemini Investment Strategies has unveiled new hedge
funds; according to a new statement released by the firm. The new hedge
fund, utilizing convertible arbitrage strategy requires a minimum investment
of $1million.
Speaking about the new hedge fund, Steven Winters, a co-founder of Gemini
Investment Strategies disclosed that the Gemini Master Fund is aimed at
US domestic market, however an offshore version of the fund; the Gemini
Overseas Fund Ltd. is available for overseas offshore investors.
About Gemini Investment Strategies
The Gemini Investment Strategies focuses on Capital Structure Arbitrage,
according to Winters, “Gemini’s investment philosophy is to
provide investors with low volatility and consistent rates of return without
having to deploy significant leverage”. Gemini Investment Strategies
was founded by Winters and Richard Yakomin; both individuals worked in
a capacity of portfolio managers at Palladin Group an asset management
firm based in New Jersey.
While at Palladin Winters managed a $250 million investment portfolio
utilizing several hedge fund strategies including convertible arbitrage
strategies, multi and event driven strategies. Yakomin also oversaw a
$250 million investment management vehicle specializing in convertible
arbitrage strategy. Winters said, “We felt we had a unique way to
look at investment opportunities and our skills are well-suited towards
institutional investors,"
Convertible Arbitrage in 2004
Hedge fund industry analysts predict that convertible arbitrage strategies
would do well in 2004, as global markets continue to recover from past
economic declines. Moreover as capital expenditures pick up, businesses
are expected to expand, and such expansion would necessitate new capital
and borrowing, leading to increased activity in bond issues. Many of the
new hedge fund products coming to the market are geared to take advantage
of the recovery going on in the global equity markets.
Paul Oranika
Editor-in-Chief
Hedgeco.net
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