Tue, Oct 19, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

EFA Group to take over as investment manager of the Galena Commodity Trade Finance Fund

Wednesday, November 09, 2016
Opalesque Industry Update - Singapore-based independent asset manager, EFA Group, and Galena Asset Management said that EFA will take over as investment manager of the Galena Commodity Trade Finance Fund. Approved by the Fund’s board of directors and supported by its existing investors, the change in management gives the Fund access to the expertise and specialized infrastructure developed by EFA in managing trade finance strategies at a moment when Galena is focusing on offering bespoke, private investments to its investors.

Set up in 2010, the Fund invests in mid-term structured trade and commodity finance transactions originated and administered by specialized banks and global trading firms, with the objective to deliver stable and uncorrelated yield by focusing on cash flow-based lending transactions. Since inception, it has generated net returns of around five percent per annum with no negative months.

Galena’s CEO Mr. Maximilian Tomei said: “The process attracted interest of several parties but after careful consideration we have come to a unanimous decision that EFA is the right fit to manage the Fund. EFA is an experienced manager whom we have known for a long time and trust to successfully continue the Fund’s activities.”

Established in 2003 with more than US$1 billion of assets under management, EFA’s investment strategies are primarily focused on self-originated private debt transactions, with an emphasis on trade finance.

Mr. Francois Dotta, CEO of EFA Group, said: “Our aim over the next few years is to provide our investors access to the whole spectrum of trade finance solutions. The Fund serves as another entry point for investors to gain exposure to the asset class but through a different universe of borrowers. While our existing fund vehicles focus on transactional, short-term lending to mid-market companies, the Fund specializes in syndicated loans alongside banks and large traders on a global reach. The very complementary nature of these strategies will bring substantial synergies and long-term value for our investors.”

“We are also proud that such a reputable player in the commodity industry entrusted us with developing the Fund further,” Mr. Dotta added.

To ensure a seamless transition and continuity in the management of the Fund, existing members of the investment team, Mr. Alexandre Vieira (Portfolio Manager) and Mr. Gregoire Lamare (Investment Analyst), will be joining EFA Group.

EFA Group is an independent asset manager providing alternative investment solutions in credit strategies, with a focus on real economy businesses. The firm has won multiple awards including the Best Trade Finance Boutique and Best Alternative Trade Financier in Asia-Pacific. The firm is regulated by the Monetary Authority of Singapore and holds a Capital Markets License under Eurofin Investments Pte Ltd. Established in 2003 in Singapore, the Group has since expanded in size and capabilities, and now employs over 50 personnel between its offices in Singapore, Geneva, Dubai and London.

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. SPACs: Is the SPAC boom fizzling out?, SPAC merger mania: Companies that went public via blank-check merger in Q3, SPAC marketing heavily curtailed in House Democrats' draft bill[more]

    Is the SPAC boom fizzling out? From Crunch Base: SPACs may be fizzling out. Since February 2021, when the SPAC (special-purpose acquisition company) craze was booming, a market selloff has wiped out about $75 billion of the value of companies that went public using SPACs, according to

  2. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys

  3. Opalesque Exclusive: Female led team of veteran ESG investors to launch debut fund[more]

    Bailey McCann, Opalesque New York for New Managers: A female-led team of veteran ESG investors is preparing to launch a new fund early next year built on their ESG investing and advisory experience. Sustainable

  4. Institutional Investors: Vanderbilt University endowment records 57.1% return for fiscal year, MIT endowment logs 55.5% return for latest fiscal year, AP1 re-tenders $720m emerging markets small-cap mandate, Harvard, world's wealthiest university, sees endowment soar to $53.2bn, San Francisco shifts passive equity mandate to active BlackRock ESG strategy[more]

    Vanderbilt University endowment records 57.1% return for fiscal year From PIonline.com: Vanderbilt University's endowment returned a net 57.1% in the fiscal year ended June 30, according to a financial report on the Nashville, Tenn.-based university. The report did not provide benchma

  5. SPACs: After early investors flee SPAC deals, day traders rush in, PE-backed electric car maker Polestar worth $20bn in US SPAC deal, Europe's IPO market roars back to life but where are the SPACs?[more]

    After early investors flee SPAC deals, day traders rush in From WSJ: Day traders are targeting some companies that recently closed SPAC mergers, reinvigorating some of the meme-stock excitement that helped make such deals popular early in the year. The latest special-purpose-acquis