Olympia Capital Management (OCM) has launched a twice-leveraged version of its Olympia Star II fund of hedge funds (formerly Olympia Global Hedge).
Olympia Capital Management (OCM) has launched a twice-leveraged version of its Olympia Star II fund of hedge funds (formerly Olympia Global Hedge). The Bermuda-domiciled leveraged version, Olympia Star II Plus (Euro) Class Fund, is managed by the team who successfully managed Olympia Star I, one of Europe’s best and longest positively-performing fund of hedge funds and has benefited from the same asset allocation and risk control process since March 2001. The leveraged version (which is pending a Dublin listing) was created to meet a client demand supported by academic research for leveraged versions of low risk funds of hedge funds. The Olympia Star II Plus (Euro) Class Fund’s objectives are to achieve over a 36-month rolling period: * An annualised return of LIBOR +8 to LIBOR+15 (before currency hedging) * Cumulative returns in excess to that of the MSCI World GRS Local Currency Index * Annualised standard deviation of 8-12% * A statistically non-significant correlation to the MSCI World GRS Local Currency and Citi WGBI 5+Yrs Local Currency indices. Minimum initial investment is Euro 250,000 with subsequent investments of Euro 100,000.
