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Cannabis-Related Hedge Fund Prepares to Launch After SEC Filing

Submitted by Marijuana News on Sat, 03/14/2015 - 06:40

Electrum Partners’ Leslie Bocskor along with his partner Gordon Katz have filed paperwork with the SEC to launch a cannabis-related hedge fund. Placement agents are aiming to raise $25 million.

“Our approach to investing in companies that touch the plant is a process that’s different from firms like Privateer Holdings and Poseidon Investments,” said Bocskor, an investment banker and entrepreneur. “They don’t have our specific process that contemplates investing in companies that touch the plant.”

The Electrum Hedge Fund’s investment strategy will be based on guidance issued by the Department of Justice and Financial Crimes Enforcement Network.

“The Justice Department and FINCEN guidance have been established as a threshold to do banking and if we use it as a guideline for the companies we invest in, we are less likely to find ourselves subjected to an enforcement action,” Bocskor told MJINews.

According to an upcoming report by GreenWave Advisors,...

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URL: 
http://www.mjinews.com/canna-hedge-fund-preps-launch-sec-filing/

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