Business Summary
Two Delaware Hedge fund shells for sale: one Global Macro, one L/S Equity. The two hedge funds have been in existence since 2005, but with no client history to account for. The funds allow for very flexible investment styles/strategies and hedging activities. They have associated bank accounts, a prime brokerage/trading account, and long-term Delaware residence history. Offered at $30,000 for straight sale.
Offered for sale by principal/owner, a well-known financial editor, trader and private equity/M&A consultant. Principal may consider a JV of some sort including ongoing asset management and AUM fund-raising with a meaningful partner, as long as hedge funds are purchased or there is a cash-in up-front.
Globalbx insisted on a real estate, revenues and cash flow designation but there is no real estate included with these funds and they have no revenue/cash flow.
Financials
Asking Price Range: < $250K
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2005
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
About The Sale
Management Training and Support: Possible
Reason For Selling: Not currently using
