Thursday, February 01, 2001

IPA Launches Offshore Bahamas Fund

IPA Launches Offshore Bahamas Fund
Alternative Investment News
By Pamela Appea
February 2001

International Portfolio Analytics expects to launch in March a duration-neutral mortgage arbitrage fund, Liquid Opportunities-Plus I. The offshore fund will follow the recent closure of Liquid Opportunity Plus, Ltd., which recently raised $325 million, over twice its original target, said Jon Knight, president.

Liquid Opportunities-Plus I. has seed capital of $5 million and a target of $100 million-$150 million. It will be marketed to both high-net worth individuals and institutions, and Bahamas-based IPA is seeking additional distribution channels, such as funds of funds and private banks, in the U.S. and Europe, Asia and the Middle East.

Marketing efforts for the new fund will include one-on-one meetings with investors, Knight said, adding he plans on visiting Europe within the next few days. Minimum investment for Liquid Opportunities-Plus I, $100,000 and it has targeted net returns of 7.5%-10.5%.

Using is an independent hedge fund service platform, Liquid Opportunities fund investors will be able to receive daily transparency reports online. Knight noted large pension funds, in particular, may find Plus Funds’ “benign transparency” attractive, he added