NEW YORK (HedgeWorld.com)–Equinox Management Partners is planning to launch its first offshore hedge fund on Sept. 26.
The new Bermuda-domiciled Equinox Funds International Ltd. is a multi-series vehicle that will allow qualified non-U.S. investors to get exposure to Equinox’s two existing U.S. strategies via a master-feeder structure.
A ‘Series-E’ for the fund will tap the US$17.6 million Equinox Partners LP fund, which trades a long/short portfolio of global equities as well as precious metals and energy markets. The ‘K-Series’ for the Equinox Funds International Ltd. will be linked to the firm’s US$29 million Equinox Kurota Fund, which trades a long/short Asia ex-Japan portfolio.
The minimum investment for the new offshore fund is US$1 million and a fee structure of 1.5% management and 20% incentive. No target has been set in terms of asset raising for Equinox Funds International Ltd.