Cayman-based True Partner Advisor has secured over $20 million for its Cayman-registered global volatility arbitrage fund. The True Partner Fund started trading in the week of July 20, and will open for subscription to other qualified investors today (August 1). Hong Kong-based True Partner Advisor Hong Kong will sub-advise the fund and also conduct daily trading operations.
The strategy, which only trades short-term options on equity and equity indices listed in liquid exchanges across the globe, targets an annual 25% return. Govert Heijboer, one of the portfolio managers, says the True Partner Fund is the first hedge fund