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From Benedicte Gravrand, Geneva: The lifespan of Sagio Investments will have been flamboyant but short. Both founders, Gualtiero Giori and Juan José Sartori, are said to separate and take up new occupations elsewhere. The former was named in a July 2006 list of the “30 under-30 best traders” in Traders Monthly and appeared in a French television programme titled “Golden Boys: millionaire at 26” in January. This was reported in Swiss paper Le Temps.
In 2003, Geneva’s financial establishment, whose motto is discretion, disregarded the 20-something duo who were launching their own hedge fund. Some have regretted doing so when Sniper, a fund specialising in American small-caps, returned over 30% annually since inception (Vanthedge Point).
“The master fund Sniper still exists but its clients will be gradually redirected towards other funds”, Gualtiero Sartori said. The assets are estimated at over US$100 million. In 2006, Sniper lost a lot whilst betting on a markets fall in the second semester. Juan José Sartori pointed out that the overall year’s performance was not negative.
In Geneva, Sagio expanded when integrating Alessandro Grande and his Long View funds. That did not work out and the funds had to leave the firm in 2006. The New York offices, which opened less than a year ago, have been closed.
Gualtiero Giori claims that this sudden change is due to purely personal reasons and both partners deny there is any ...................... To view our full article Click here
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