Aluben Holdings Fund Off To A Good Start
The tremendous growth in hedge funds in the past few years has been quite phenomenal. Only several years ago, they numbered in the 100s; today they have surpassed the 9000 mark. Growth of the hedge funds comes from several reasons; superior performance and the expertise of the fund managers. The growth can also be attributed to the ease in which a fund can be started; even by a non financial professional.
A relatively new fund, Aluben Holdings, based in Canada is performing quite well (36% for the first 6 months). Take a look to see if their strategy fits the way you invest. Like most hedge funds, it is structured as a limited partnership and a private offering. You must meet accredited status to participate depending on where you live. The minimum investment is $5K and the cost per Class A unit is $150K. Visit the site to get the Offering Memorandum and Subscription Agreements.
These hedge fund managers usually come from the cream of the financial industry. Armed with the freedom that hedge funds offered, they put their skills to the test. Unlike mutual funds, a hedge fund has none of the restrictions imposed like the trading of derivatives and making short sales. A hedge fund manager can trade just about anything at any time. Another major difference is that most hedge funds are structured where the fund manager has a vested interest in the fund and is paid per performance of the fund.
While there are thousands of hedge funds available, there are a number of frauds in this industry. There are cases where fraudulent hedge fund managers deceive investors by making false reports and then using the assets of the funds for their own personal interests. The main reasons why this can happen are because of the ease in which an unscrupulous individual can start a hedge fund and the ability to structure it to be exempt from securities registration and scrutiny.
Do the Due,
Van
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December 7th, 2007 12:17
I want you to know that your holding fund came up under a fraud list. I will be having someone that works close with me at the SEC. I will be contacting you to take a closer look at your private memorandom. It should be registered with the SEC. They are not supposed to be advertised over the internet.
December 7th, 2007 13:42
Provide me the information and I will post it here for potential investors to be aware of. OWI does not have an interest in Aluben. We try to be objective and share investment ideas found on the internet. Investors are encouraged to do their own due diligence before investing in any investments found here.
April 27th, 2008 18:29
Actually, Regulations D and S of the Securities Act of 1933 provide exemptions from registering with the SEC.
It’s not uncommon for a firm to employ such exemptions when obtaining relatively small amounts of capital from the U.S. and they happy to be in another country. This provides U.S. investors with a wider opportunity to invest abroad, but obviously carries greater risks as well.
I’ve checked with Aluben, and they seem to be on the up-and-up. However, that doesn’t mean due diligence shouldn’t be done.
Regulation D of the Securities Act of 1933 is the usual set of exemptions relied upon for companies raising capital from among “accredited investors”. Accredited investors are usually institutions or very wealthy individuals, or an individual who is going to invest a large sum into such a fund. (If you’re going to put $150,000 of your life savings into one basket, especially an offshore one, you probably deserve to lose it all anyways. The SEC, and most sane individuals, assume that someone putting such a large investment into one company has done their due diligence.)
Regulation S is what’s called a “safe harbor” and, in this case, since the company is based in Canada, makes sense.
It would probably be wise to check out the laws and regulations of the jurisdiction of where your money is going if you decide to invest abroad.