Gems Snags Former Henderson Director

Oct 1 2007 | 11:30am ET

London-based Gems Advisors has appointed Stuart MacDonald, a former director of Shore Capital and Henderson Global Investors, as a director.

Miguel Abadi, CEO and co-founder of Gems, said, “I am delighted that Stuart has chosen to join us at a time of continuing expansion. Investors continue to benefit from Gems' long experience and highly disciplined investment and risk management processes.”

Separately, the firm said its main funds, the Gems Recovery portfolio and multi-strategy portfolios were largely unaffected by the recent market turmoil. After strong July performances, August showed a gain for the Gems Recovery portfolio, a $712 million fund of funds, of 1.48% and 23.83% year-to-date while the Gems multi-strategy and low-volatility portfolios were down by 1% and 1.5% respectively, but are up for the year by 11.2% and 14.24%.

The Gems group was founded in 1987 and currently manages nearly $4 billion in assets.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...