Funds of Hedge Funds

Dutch-based Theta Capital offers monthly liquidity with Theta Legends vehicle


Theta Capital Management, a Dutch based fund of funds founded in 2001 by Tjeerd JJ de Vries and J Tijo van Marle, has launched the Theta Legends Fund with $90 million in seed capital from a small group of investors.

The closed mutual fund, which is registered in The Netherlands, invests in a concentrated portfolio of legendary hedge fund managers with a minimum track record of 15 years. Theta Legends Fund, which is structured as an umbrella fund, offers monthly liquidity and is preparing a daily trading facility through NYSE Euronext stock exchange in Amsterdam.

The idea is that