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Alternative Market Briefing

Credit hedge fund manager Louis Gargour sees opportunities in Europe

Monday, December 23, 2013

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Louis Gargour
Benedicte Gravrand, Opalesque Geneva:

Louis Gargour is a Wall Street veteran who has worked for Solomon Brothers in the 80s, then JP Morgan and Goldman Sachs, and who has a background mainly in European credit and trading sales. He started Europe’s first long/short European credit hedge fund in 2001, Taurus Investment Management, which later merged with what was then a little known London-based hedge fund shop called RAB Capital. This little shop ended up growing to one with $7bn in asset under management - although assets are now down to a few hundred million, as the firm suffered losses during the financial crisis. Gargour had left RAB by then to start his own London-based hedge fund shop, LNG Capital, in 2006.

"We started LNG Capital with one principal fund, a European credit long short," he recently told Matthias Knab on Opalesque TV. "That was the skill set we brought from RAB Capital or from running fixed income portfolios. We recently added a European credit long-only strategy and a foreign exchange systematic strategy. But the entire strategy is under our umbrella, all benefit from risk management and oversight by risk committees, very strong operational support and distribution."

LNG was partly seeded by its institutional partners, Atlantic Asset Management and Montage Alternative Advisors ......................

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