Sun, Feb 23, 2020
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. PE/VC: Venture debt: Is it a loan? Is it equity? Is it an pportunity?, PE, VC investments in India hit all-time high in 2019[more]

    Venture debt: Is it a loan? Is it equity? Is it an pportunity? From Forbes: Venture Capital is usually the default option for fast-growth startups looking for a cash injection, thanks to our willingness to take risks in return for equity, and with no need to pay anything back - at least

  2. Other Voices: Evolution of shrinking hedge fund fees - what do investors and managers need to know?[more]

    By Don Steinbrugge, Founder and CEO, Agecroft Partners (DonSteinbrugge@agecroftpartners.com): Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, inc

  3. PE/VC: No handshakes, no deals: Silicon Valley VCs hit pause on China, US private equity funds swoop on UK for cheap deals[more]

    No handshakes, no deals: Silicon Valley VCs hit pause on China From Nikkei: Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak. "Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of An

  4. COVID-19: Investors track ships, chase rumours to get edge on COVID-19 risks, Coronavirus risk puts the bull run on pause, China was wise to let markets stumble[more]

    Investors track ships, chase rumours to get edge on COVID-19 risks From Reuters: As investors crunch numbers to determine how the coronavirus will hit China's economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

  5. Bruce Berkowitz is back!, Coatue's new quant fund lost money in the fourth quarter[more]

    Bruce Berkowitz is back! From Institutional Investor: Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert's Sears Holdings. In fact, over the past 10 years, his Fairholme Fund's annualized return is only 4.89 percent -