Tuesday, 13 October 2015
Last updated 16 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 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…