Fri, Jun 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

LNG’s 'small and nimble’ European credit fund achieves high teens performance

Tuesday, April 23, 2013

By Beverly Chandler, Opalesque London:

LNG Capital’s managing partner and chief investment officer Louis Gargour is something of a hedge fund industry veteran in the credit and fixed income space having merged his Taurus Investment Management with RAB Capital in 2001 and built that fixed income business to over $1bn from scratch.

"We experienced the ups and downs of market cycles and pressures of growing a business" Gargour says. His team at $52m LNG Capital has worked together for 11 years, through a number of hedge fund environments. "The business risks are mitigated by the fact that we have a dedicated institutional backer, combined with our asset class experience" Gargour says. Describing his LNG Europa Credit fund as 'small and nimble’ Gargour explains that it is achieving annualised returns of 19% with 7.5% of performance so far this year.

LNG was partly seeded by its institutional partners, Atlantic Asset Management and Montage Alternative Advisors through a joint venture from Palmer Square Capital. Investment beyond that has come from family offices, private banks and funds of funds.

The fund is European focused looking for a broad spectrum of potential opportunities in high yield, investment grade, event driven, relative value and special situations in Europe. Investment style is top down and bottom up while research is conducted through a network of established "on the ground" relationships inWes......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is