How to Invest in ESL Investments
You want to maximize returns, and perhaps you have read that ESL Investments has a solid track record for consistent returns. ESL Investments is a private hedge fund sponsor founded and run by Edward S. Lampert. These funds use a contrarily investment approach with more than $10 billion in assets under management, according to industry profile reports by Bloomberg Businessweek and StreetInsider. ESL funds involve high risk.
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Instructions
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Become an accredited investor. Accredited investors are high net-worth individuals with a minimum of $200,000 in annual income and $1 million in net assets.
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Call ESL Investments Inc., located in Greenwich, Conn., at 203-861-4600. Explain to the representative you are interested in opening an account.
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Complete all forms required by ESL Investments to open the account and demonstrate your net worth. Provide any supplemental documentation requested, and return the signed paperwork.
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Fund the account with the minimum amount required. While exceptions sometimes are made, most accounts must be funded with at least $10 million for a minimum of five years. This minimum exceeds the ability of many accredited investors, and only the extremely wealthy have the ability to buy and hold ESL funds.
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Call ESL and confirm that the documents arrived and that everything is in order to establish your account. Once the account is established, give the representative the go-ahead to invest the money. ESL Investments maintains fiduciary control over the assets and buys and sells according to its research.
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