Lionhart, a multistrategy arbitrage hedge fund manager with USD800m under management, has opened an office at 540 Madison Avenue in midtown Manhattan.
Lionhart, a multistrategy arbitrage hedge fund manager with USD800m under management, has opened an office at 540 Madison Avenue in midtown Manhattan. Lionhart, which has had a presence in the US since 2000, now has offices in New York, Toronto, London and Singapore.
‘Information flow for traders and convenience for investors will improve with this move to Manhattan,’ says Lionhart founder and chief executive Terry Duffy. ‘This makes a lot of sense given the direction Lionhart is moving and the interest in our fund offerings.’
Tom Scanlan, who leads Lionhart’s investor relations in the US, says: ‘While we have had good success in North America, we are now better positioned to develop the US markets. Despite the large number of choices for US investors, Lionhart’s product offering, historical returns and adherence to risk management have created a groundswell of interest.’
Lionhart’s New York office has 11 staff including trading, research, investor relations and administrative functions. The Manhattan opening follows the reorganisation last May, of the firm’s existing funds into master/feeder structures employing British Virgin Islands segregated portfolio companies that allow both onshore and offshore investment, a distinct advantage for US investors.
Established in 1993, Lionhart Investments is manager of the Lionhart Global Appreciation Fund, which has both global and European portfolios, the Lionhart Aurora Fund, which comprises a multistrategy arbitrage fund and a natural resources portfolio, and the Lionhart Asia Plus Fund, which adopts a range of relative value strategies.