HAMILTON, Bermuda (HedgeWorld.com)-Focus Investment Group continues to roll out new funds and on March 1 will launch its latest arbitrage strategy.
The Focus Arbitrage Enhanced Fund will launch with approximately US$25 million from new and existing Focus investors. A leveraged version of the firm’s flagship arbitrage fund of funds, the new fund will be leveraged up to a maximum of 2.5 to 1.
The strategy will be managed pari passu with the Focus Arbitrage Fund, which has more than US$100 million in assets. Launched in 1998, the fund was closed to new investors in 2003 and has targeted returns of 6% to 10% annually. The fund currently invests in 28 managers that specialize in merger arbitrage, convertible arbitrage, event-driven, equity market neutral, volatility arbitrage, fixed-income arbitrage, multiple arbitrage and long/short high-yield strategies.