Tuesday, 29 July 2014
Last updated 8 hours ago
Jul 6 2010 | 7:45am ET
New York-based alternative investment firm Galtere is expanding overseas with the launch of a new European arm.
The firm, which manages over $1 billion in assets, has appointed Werner Schuenemann to manage the new operation, which is based in Zug, Switzerland. Additionally, Werner has assumed the newly-created role of international head of business development and investor relations. His focus will be on managing and developing the firm’s institutional investor base in Europe, the U.S., the Middle East and Asia. Galtere’s investment management, trading and research functions will continue to be run out of New York.
Werner has over 25 years of investment and financial services industry experience, having held global head of sales and distribution roles at a variety of alternative investment firms, most recently Swiss Alpha and Pamplona Capital.
Galtere specialises in commodity-based global macro strategies. Its flagship strategy, managed by founder and chief investment officer Renee Haugerud, has an 11-year track record and has delivered nine consecutive years of positive returns. The strategy identifies three to five major multi-year global themes, and chooses around 35 individual positions with a one-year investment horizon.
Galtere also runs a separate specialist vehicle, which is differentiated from the flagship strategy by its three-year time horizon. This strategy aims to exploit long term imbalances in commodity trades, and investments typically involve a steep discount, and are held through to maturity if required.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…