EquityStar Schedules June Hedge Fund Unveiling

A news release said EquityStar will reinvest some of the firm’s profits into African economies to help give citizens of emerging nations the confidence to reinvest in their own economy by helping to open up their markets to free trade and encouraging foreign capital.

Some of features of EquityStar include independent tier 1 service providers, transparency, weekly and sometimes daily liquidity, no lockups, and an oversight by an outside risk manager, according to the announcement.

EquityStar’s equity long/short strategy will aim for returns of 25%-35% while attempting to keep volatility between 7%-10%. The new fund expects to raise $50 million by September 2010, with a target of $100 million or more by year-end. Capacity of the fund is expected at $1.5 billion.

More information is at http://www.equitystar.org.