Insparo Asset Management Adds To Operations Team

Mar 22 2010 | 8:50am ET

U.K.-based hedge fund firm Insparo Asset Management has hired Nimika Karadia as an operations analyst.

The Insparo Africa and Middle East Fund has recently shortened its redemption terms in order to make the fund more attractive to investors, and Karadia’s responsibilities will involve adjusting operations to accommodate the anticipated growth. She will work alongside COO Jon Laidlow and finance and operations manager James Gore.

The US$170 million fund has returned 5% thus far in 2010. Last year it returned 31.4%, outperforming the MSCI Frontier Markets Index, which returned 7% over the same period.

Prior to joining Insparo, Karadia was hired to represent Lehman Brothers during the administration process of its UK operations. Her role involved returning stock and resolving counterparty claims.

Last month Insparo announced the reduction of its redemption terms from a two-year lock-in period to a staggered one-year redemption profile. Investors will be able to redeem up to 25% of their original share purchase per quarter, meaning they can be fully withdrawn within a year without penalty.

“We have made changes to adapt for our investors in light of the current economic climate,” said Laidlow. “Nimika’s appointment will help to ensure the firm maintains robust controls and processes as the Fund’s operations grow.”

Investors in the Insparo Africa and Middle East Fund, include IPGL Limited, a private holding company in which Michael Spencer, CEO of ICAP, together with his wife and family trusts, are majority shareholders; and South African entrepreneur Mark Shuttleworth’s Here Be Dragons.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.