Abundance Rolls Out New Fund

Abundance Partners, founded by trader Vladimir Efros, has created a new offshore version of its original long/short equity fund. The Abundance Offshore Fund, Ltd was funded by an undisclosed fund of hedge funds and will have an initial capacity of $200 million.

The master/feeder structure will mimic Abundance’s onshore fund, which returned an impressive 14.1% in 2011. Efros’ strategy is designed to outperform others in volatile markets. In 2010, Efros returned 19.5%. Abundance Partners, LP has been profitable all years since inception with an annualized return of 35%.

Offshore funds of popular U.S. hedge funds are the practical choice for managers looking to diversify their LP base and allow international investors to participate and invest in a strategy.

“Over the last couple of years we have had increasing requests from non-US investors to be able to participate in the Abundance Partners platform and strategy,” David Katona, managing partner at Abundance Partners, told Markets Media. “The offshore vehicle is the HF Industry best practice to accept non-US investors.   Through our new offshore mini Master Feeder structure we look to expand our LP base and continue to provide the non-correlated returns we have historically provided.”

The new fund has a 45 day notice for liquidity and charges the industry standard 2% management fee and 20% performance fee.