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Seeding

Worth Venture Partners launches multi-manager hedge fund

Mon, 10/03/2014 - 10:02

Worth Venture Partners (WVP), a hedge fund business founded in 2012 by Abby Flamholz and David Wertentheil, has announced the official seeding of its flagship fund. 

The Emerging Manager Onshore Fund launched with USD45m on 3 February with a commitment letter from an anchor investor for an additional USD10m. Additional money from confirmed private clients amounts to a total of USD60m.
 
The fund's first share class is now closed. The second "accelerator" share class to accommodate early stage investors will launch on 3 March with a fee structure of 1.5 per cent management fee and a 20 per cent performance fee with a limited capacity of USD60m.
 
Worth Venture Partners is a hedge fund business that discovers, selects, and monitors best-in-class emerging managers, who have a sustainable edge, outsized returns and niche expertise, and integrates them into an institutional-quality infrastructure to deliver outperformance to investors.
 
The fund charges only one layer of fees. The fund enables all investors to access selected emerging managers providing:
 
•             Complete transparency at the manager level
•             Secured manager capacity in the fund(s)
•             Complete access to each investment team
•             Attribution and allocation reports
•             A diversified portfolio aimed at double digit returns with low volatility
•             Ability to create a custom basket or overweight an individual manager
•             The same investment team and investment process since inception


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