Sat, Apr 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Liberty Securities announces the sale of 20% of its equity interest to Sturgeon Holdings

Tuesday, February 28, 2012
Liberty Securities LLC, the second largest securities firm in Georgia, announced today that its majority shareholder, Liberty Capital LLC, has sold a 20% equity interest in Liberty Securities to Sturgeon Holdings Limited. Sturgeon’s wholly-owned London-based subsidiary Sturgeon Capital is the investment manager of Sturgeon Central Asia Fund, a multi-strategy hedge fund focused on this fast growing region.

Liberty Securities has a strong and experienced team to assist Georgian companies in local and international equity and debt issuance, provides agency brokerage services in Georgia and abroad and has a developing asset management business. “I would like to welcome Sturgeon as a shareholder of Liberty Securities and thank them for their trust and support. I believe that a leading investment manager such as Sturgeon, which has an in-depth knowledge of the region, will enable us to further develop Liberty Securities locally and internationally” commented Lado Gurgenidze, Chief Executive Officer of Liberty Capital LLC.

“We have known Lado and the Liberty team for a few years now, as early investors in Liberty Bank. We believe that his experience and Liberty Securities’ understanding of local and international capital markets can be considered unique in Georgia. This acquisition by Sturgeon highlights its commitment to Georgia and the region. Our strategy to integrate our London headquarters with on the ground research and execution capabilities, thus benefiting our information and deal flow, is being delivered”, commented Taco Sieburgh Sjoerdsma, CFO of Sturgeon Capital.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner