Tuesday, 1 December 2015
Last updated 8 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…