Fri, Feb 12, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Credit hedge fund manager Louis Gargour sees opportunities in Europe

Monday, December 23, 2013

amb
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 ......................

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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise