Camelot Undergoes Management Buyout

Aug 26 2008 | 10:22am ET

Cayman Islands-based alternative investment firm Camelot Global Investment has undergone a management buyout and is now part of investment advisory Arkanar Financial Holding.

According to Bob Torkelund, who joins the firm as a managing director, all of the trading and administrative staff will remain in place. “It is important that we were able to maintain all trading and administrative staff, we have only lost the former majority shareholders who decided to retire and leave the industry,“ he said.

The firm’s investment strategy—systematic trading and global macro—will also remain the same. The firm currently managed aproximatly $200 million in managed accounts and funds, and it is planning on launching more funds later this year.

In addition to Torkelund, Thomas Feldt and Jevgeni Geller are shareholders and directors of the company. Geller will concentrate on operations and business development, and Feldt will continue to run the trading desk and will be responsible for investment strategy.

Camelot’s head office will now move to Tallinn, Estonia, with a branch office remaining in Caymans.

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