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Monday, September 22, 2008

Opalesque Exclusive: Asset Manager Corazon Capital sets up an office in Geneva, Switzerland`s aim to attract hedge funds is well worth it By Benedicte Gravrand, Opalesque London: Corazon Capital Management has established an office in Geneva, which gained regulatory approval last week, according to TotalAlternatives.com (Source).

Things are moving fast for Corazon; Robert Milroy and Paul Meader, the founding shareholders, announced the completion a management buyout of Corazon Capital Limited in July. Since then, the firm has traded as Corazon Capital Limited. Since they had entered into the licensing agreement to use the Dawnay Day name in 2002, the firm had been 50% owned by the management. The purchase of the remaining 50% was funded by the management team across their businesses in Guernsey, Jersey and Geneva. The firm has US$1.2 billion worth of AUM and is based in the Channel Islands (coverage).

At the same time, the founders announced expansion plans, such as a forthcoming Geneva office opening and a series of innovative product launches. Opalesque found that the office is situated in the center of Geneva and trades as Corazon Capital (Suisse) SA.

Corazon has posted returns o......................

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