Alicia Koplowitz’s Family Office Sets up New Hedge Fund in SpainA new hedge fund in Spain that will invest in three to 10 hedge funds has been registered by the asset manager of billionaire Alicia Koplowitz’s family office entitled Omega Gestion de Inversiones SGIIC.
Scent Inversion Libre will select hedge funds with equity strategies, with track records longer than 10 years, and in which its managers have personally invested, a spokesman from Omega Gestion said by telephone
The goal is to achieve annual returns of 9 percent to 12 percent, according to the regulatory filing of the new hedge fund. The annual management commission is 1 percent.
Omega Gestion manages hedge funds and absolute-return products registered in Spain and Ireland with more than 1 billion euros ($1.3 billion) in assets. It belongs to Koplowitz, one of Spain richest women and former co-chairman of builder Fomento de Construcciones y Contratas SA.Source: FINalternatives