Mantis Funds has launched the Magnetar Relative Value Unit Trust which is a feeder into a Cayman master fund managed by Magnetar Capital. The strategy is divided into merger arbitrage and convertible bond arbitrage.
Damien Hatfield of Mantis Funds says that this fund fills the void of allocation to alternative assets which make up to 15% of the wealth manager’s asset allocation with little bona fide hedge fund product choice.
Magnetar is a US-based, multi-strategy alternative investment manager with approximately $14 billion under management. It employs a wide range of alternative credit and fixed income, systematic investing, healthcare, energy and infrastructure strategies.
The unit trust is available to wholesale clients in Australia and wholesale investors in New Zealand only, with Equity Trustees as responsible entity and Apex Mainstream as administrator.
The unit trust has been seeded by an institutional investor with $30 million.
Contact information
Mantis Funds
Damien Hatfield, Head of Distribution
damien.hatfield@mantisfunds.com
Mobile +61 400 560 240
About Mantis Funds
Mantis Funds was launched in 2020 by accomplished industry veterans Damien Hatfield, Timothy Cheung, David Gray and Mark Paton. Its mission is to connect investors to alpha using technology. Mantis believes that emerging technologies provide a better solution for building trust between fund manager and investor compared to historical reliance on intermediaries; its aim is to create a Neofund model that is transparent, aligned and engaged with investors. Mantis is majority owned by its management team. Tribeca Investment Partners are a strategic shareholder.
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