Mon, Feb 20, 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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed