Absolute Capital Surpasses $3B In AUM

Jul 9 2007 | 1:37pm ET

Alternative asset management firm Absolute Capital Management Holdings has doubled its assets under management in the first six months of 2007 from $1.5 billion in January to some $3.1 billion as of the end of June.

Chairman and CEO Sean Ewing attributed the spike to organic growth and the integration of U.K.-based alternative investment advisory firm Argo Capital Management in January. "We have increased assets under management by almost 100% during the first six months of 2007 through significant organic growth and the successful integration of Argo,” he said.

The firm has launched a new division, Absolute Capital Management Property, in order to develop its long/short equity presence in the global real estate market. “Demand from institutional investors for our expanding portfolio of alternative investment products remains strong and we believe the creation of ACMPL is well-timed to take advantage of the long/short opportunities in the current global real estate market,” said Ewing.

Absolute Capital currently manages 11 funds.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note