Lorintine Capital is happy to announce that it is launching a new fund based on the Diversified Leveraged Anchor Strategy. The Fund is being formed as a onshore/offshore master/feeder fund so it can accept both US based and Non-US investors. We also are actively looking for solicitors to help fund raise (in other words pay the SO members for referrals to investors).
If you are interested in investing, or interested in becoming a solicitor, please email me at cwelsh@lorintinecapital.com so we can discuss the opportunity with you directly. A copy of the Fund’s overview is available upon request.
The Fund is in the process of completing the various government paperwork necessary to legally form in both the United States and BVI and finalizing its investor documentation. Fundraising will start in the near immediate future. Unfortunately, due to US security laws, US clients must be “qualified clients” and foreign investors must be “professional investors.”
To be a qualified client, the US based investor must either (a) have a net worth (not including their principal residence) of over $2.1m, OR (b) invest at least $1m.
To be a professional investor, the non-US based investor must have a net worth of at least $1m US, which may include real estate.
And do not worry, the existence of this Fund should not impact the currently offered Anchor services, as there will be some differences between the two. For instance, the Fund will trade the indexes directly (SPX vs SPY), ladder the hedging positions, enter more diversified positions, and pool funds.