Skip to main content

Central Park Group Partners With Select Equity Group To Launch Long/Short Equity Hedge Fund

Central Park Group has launched CPG Cooper Square International Equity, LLC (NASDAQ: XCSIX), an international (ex-US) long/short equity fund created for qualified individuals and smaller institutional investors. Select Equity Group, L.P., serves as the sub-adviser.

CPG Cooper Square International Equity uses a research-based approach to international investing; it looks to invest in stable, high growth potential businesses domiciled outside of the US at significant discounts to intrinsic value.

"So few options exist for high net worth investors seeking to allocate to international long/short equity," said Greg Brousseau, Co-CEO and Co-CIO of Central Park Group. "Since its founding, Central Park Group has had a singular mission of delivering access to innovative and opportunistic strategies by premier managers. CPG Cooper Square International Equity, an international long/short fund in a publicly offered registered structure, exemplifies Central Park Group's focus on making institutional quality alternative investments more broadly available to qualified clients."

"Central Park Group is constantly on the lookout for managers who have a demonstrated investment edge," said Mitchell Tanzman, Co-CEO and Co-CIO of Central Park Group. "With its team of former investigative journalists, deep research capabilities and nearly 10-year track record of attractive returns, we believe that Select Equity Group is the right sub-advisor to execute this strategy."

CPG Cooper Square International Equity is registered under the U.S. Investment Company Act of 1940 as a non-diversified, closed-end management investment company and permits qualified clients, individuals with at least a $2.1 million net worth, and smaller institutions to invest in one of Select Equity Group's flagship hedge fund strategies. The Fund features 1099 tax reporting, a substantially reduced minimum investment of $50,000, quarterly liquidity and it may be held in IRA and ERISA accounts.

Central Park Group founders have invested more than $14 billion in hedge funds, private equity, real estate and funds-of-funds on behalf of investors in the past 25 years.

© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.