Fri, 30/12/2005 - 06:17
Last Atlantis Capital Management, LLC (LACM) has launched a series of hedge funds structured with the aim of delivering consistent risk-adjusted returns.
LACM is a new capital management venture launched by alternative industry veterans Irwin Berger and Stig Ostgaard, formerly of Sjo, Inc, and Last Atlantis Capital, a leader in proprietary trading, systems and technology development.
The firm's initial product offering is a multiple share class product with a master feeder structure. The Last Atlantis Master Fund will include share classes of the company's internally developed funds, and additional share classes that mirror those of an exclusive USD 400 million mutual fund to provide investors access to managers that are currently closed or have very high minimums.
Throughout the late 1980s and 1990s, Berger and Ostgaard managed a USD 400 million hedge fund for Sjo's multinational clientele. Utilising a long-term trend following approach developed by Ostgaard, they "consistently generated above-average returns for their clients. The two have broad ranging and deep experience in the research, development, and implementation of successful trading programs.," according to a statement.
For the prior benefit of the company's private trading group, Last Atlantis Capital and their affiliate, Cateran Technologies Private Limited, developed a multi-million dollar computer infrastructure including highly sophisticated testing clusters, trading applications, real-time back office and data management systems. The new company is incorporating these technologies as the primary incubator of new systems developed by Berger, Ostgaard and the firm's resident research staff.
"At Last Atlantis, we're building research capabilities and systems that will allow us to develop exceptional investment products unique among our industry peers," says managing director Berger. "As access to existing quality managers diminishes, we're focused on incubating the next generation of advisors and systems that stay ahead of the trend."
Background notes: Last Atlantis Capital Management develops and markets innovative alternative products. The Last Atlantis Master Fund is a multiple share class product with a master feeder structure currently providing investors access to thirteen different share classes. The company is founded on the experience and expertise of managing directors Irwin Berger and Stig Ostgaard, and the incubator technology infrastructure of Last Atlantis Capital, LLC.
Founded in 1999, Last Atlantis Capital is a private trading group that has accounted for 1 to 3 per cent of daily options volume on US equity exchanges. The company's affiliate, Cateran Technologies, LLC is a developer of front-end trading applications, back office systems, rapid market connectivity, data management systems, customized scanning and system testing cluster technologies. Clients include broker/dealers, hedge funds and professional trading firms seeking innovative proprietary technologies.
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