FORT LAUDERDALE, Fla. (HedgeWorld.com)–John Hausladen and Stephen Slack joined Black Diamond Asset Management to help distribute the Black Diamond fund family that includes a long/short equity hedge fund.
Messrs. Hausladen and Slack are responsible for the wholesale sales and support of key broker-dealers in certain regions of the eastern United States. Before joining Black Diamond, Mr. Hausladen was with GoldK, a 401(k)-retirement technology platform. Mr. Slack was a senior sales executive for various firms during his career, including Salomon Brothers Asset Management, the Delaware Funds and the Lord Abbott Funds.
In February, Black Diamond received Securities and Exchange Commission approval of all five funds. The Black Diamond Principal Protected LS Series I fund is strictly for accredited investors, but to invest in the fund it might take as little as US$2,000 if investors allocation the investment minimum of US$10,000 for the fund family Previous HedgeWorld Story.
The Black Diamond hedge fund has a principal protection feature that is derived from the purchase of zero-coupon Treasuries, while the upside is attained through buying deep in the money, high-delta options on different stock indexes. The fund is one of the very few hedge fund offerings for retail investors, which is registered under the Investment Company Act of 1940.