Wed, Apr 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

PraXis Partners appoints new president and head of strategy CFP Equity Fund to rebrand

Thursday, April 14, 2016
Opalesque Industry Update - PraXis Partners, the specialized, fundamentally driven investment manager based in London, today announces that Joseph J. DiMartino has joined as President and Head of Strategy. In his role, he will be leading the growth and strategic initiatives of the firm.

Joseph has 24 years of investment, operating and marketing experience. Before joining PraXis, he served as the President of Zimmer Partners, a Long/Short equity manager focused on utilities and energy companies. Prior to that, he served as the Head of Marketing for Zimmer Lucas, a Long/Short equity energy manager. Joseph's experience also includes senior roles at Ivory Capital, a $4 billion AUM Long/Short equity manager, including serving as President.

PraXis Partners, recently re-named from CF Asset Management, is the investment manager of the CFP Equity Fund, a Long/Short equity fund focused primarily on the European utility and infrastructure sectors. As part of today’s announcement, the Fund is to be renamed the PraXis Utility and Infrastructure Equity Fund ("PraXis Fund"). The re-branding is designed to differentiate the PraXis Fund within the growing family of funds affiliated with its strategic partner, CF Partners and reflect the uniqueness of the team and the approach.

In 2015, the PraXis Fund, managed by Portfolio Manager and Head of Research Roland Vetter, returned 16% net against the European Utilities Index that returned negative 3.7%. Since its inception in 2012, the PraXis Fund has generated significant alpha, outperforming all relevant sector and market indices.

Commenting, Joseph J. DiMartino, President and Head of Strategy, PraXis Partners, said: “I am excited to be a joining such a talented group of industry specialists. PraXis is in a unique position, given its experience and industry expertise, to capture the exceptional market opportunities in the European utility and infrastructure sectors. By focusing on high value sectors it offers a distinct value proposition for investors.”

Providing strategic partnership to PraXis is London-based energy asset and risk management business, CF Partners. CF Partners provides its strategic partners with an anchor investment along with working capital and operational infrastructure to allow its affiliate managers to focus on delivering performance to investors.

Commenting, Thomas Rassmuson, Co-Founder of CF Partners, said: “Investors around the world continue to increase their allocations to specialized investment managers with a definable edge and proven track record, and as such we believe Praxis is particularly well positioned. Joseph, with his history of successfully building world-class firms, is the ideal person to enhance our ability to deliver for our clients and to capitalize on PraXis' proven record of performance and competitive advantage.

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its