Mon, Aug 20, 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. Hedge fund's Italian raid leaves us in the dark[more]

    From Bloomberg: Ten years on from the financial crisis, bank balance sheets haven't become any simpler to digest for the average investor. Finance firms are big and leveraged; regulations have just become new instruments of complexity. That might suggest a potential windfall for any brainy numb

  2. New Launches: Crescent launches offshore cryptocurrency index fund, Jack Ma's private equity firm raises $2.5bn for latest fund, Franklin Templeton floats alternative investment fund, US giant TCW to launch global AI equity fund, Quantum Energy Partners closes latest fund at $5.6bn[more]

    Crescent launches offshore cryptocurrency index fund Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, announced the completion of its Series A financing and launch of its offshore Cayman fund. FBG Capital led the fundraising round with its

  3. Michael Spencer invests $40m in Europe-focused hedge fund[more]

    From the FT: Michael Spencer, chief executive of Nex Group, is backing a hedge fund start-up in London with an investment of about $40m made through his private investment group, according to a person familiar with his plans. The hedge fund, Viewforth Partners, is being launched by Richard Black, a

  4. Investing: Investors haven't been this bullish on U.S. stocks since 2015, U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled, The world's largest hedge fund loads up on Alibaba, An $84bn hedge fund used Facebook's struggles to build a massive stake, Jana Partners jumps back into Facebook, adds stakes in Alibaba, Wells Fargo, Einhorn's Greenlight Capital slashes stakes in Apple, Twitter and Micron,Tiger, Tremblant, Columbus went big on Twitter before earnings[more]

    Investors haven't been this bullish on U.S. stocks since 2015 From Bloomberg: The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stock

  5. Activists: Elliott lawyer warns Korea better brace for activist funds, Activist hedge fund is seeking operational improvements at the antivirus company, Eddie Lampert details $500m offer for Sears's assets, Nielsen should get a break from the market[more]

    Elliott lawyer warns Korea better brace for activist funds From Bloomberg: The lawyer who advised billionaire Paul Singer in his proxy fight against Samsung Group says he's seeing a surge of interest from activist investors who view South Korea's businesses as potential targets. In