Mon, Jan 16, 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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Amplitude's Klassic CTA up 29% in 2016[more]

    Benedicte Gravrand, Opalesque Geneva: Swiss CTA manager Amplitude Capital can boast outperformance for one of its short-term trading strategies. The Klassik strategy, which trades equities, FX, fixed income and commodities, returned 29.39% in

  4. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  5. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock