Fri, Feb 23, 2018
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. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  2. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  3. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac

  4. Low volatility funds fail to protect investors[more]

    From FT.com: A number of exchange traded funds (ETFs) designed to protect investors from sharp stock market gyrations lost more money than mainstream US stocks during a sell-off this month, underperforming in precisely the conditions in which they were meant to thrive. Low volatility ETFs, lau

  5. Legal - Hedge funds fight to save M&A arbitrage strategy, Fannie Mae and Freddie Mac ruling blow to hedge funds[more]

    Hedge funds fight to save M&A arbitrage strategy From FT.com: Hedge funds which use the US courts to wring higher prices for merger and acquisition deals are fighting to save the lucrative investment strategy, after a Delaware court ruling that threatens to shut it down. Verition Partner