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Pratt spent 10 years with banks in the UK building systems and trading infrastructure. Ran his own market neutral hedge fund (Radcliffe Capital) returning 20% annualised for 10 years. Formed JV with Blackstar in 2012 to run multi strategy hedge fund. Blackstar is a listed private equity group investing in listed and unlisted companies, property and a fund management businesses.
Blackstar Special Opportunities Fund comprises 3 sub strategies. - Top40 and large cap equities. - Special opportunities. - Offshore / international equities.
Niche strategies to enhance and stabilise performance: Uses CFDs to build geared positions in select equities. Fund still has 10x capacity.
Return target: 15-25% per annum over a rolling 3-5 year period. Fund is up 25% net since launch 13 months ago in Oct. 2012, no down month, low volatility (8%).
Blackstar Special Opportunities Fund is available in both offshore (USD) and South African (ZAR) onshore versions. Blackstar Fund Manager also manages the SA Alpha Blackstar Global Opportunities Fund (USD) for South African investors looking for offshore investments managed locally. Pratt benefits from Blackstar’s institutional set up and offers full transparency.