Thu, Nov 27, 2014
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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als