Mon, May 22, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm