LongChamp’s Latest FoFs Off To Rough Start

Feb 26 2009 | 2:54am ET

The LongChamp Group’s latest fund of funds offering last year suffered the same fate as its existing ones, ending its first full quarter of trading in negative territory.

The New York-based firm’s Silvercrest Global Opportunities Fund dropped 11.59% from September through December, and lost another 0.08% in January, according to data obtained by FINalternatives. Its existing funds of funds, including its Emerging Markets, Multi-Strategy Alpha and Silvercrest Market Neutral funds, all dropped between 13% and 40% last year.

The firm declined to comment on its performance.

LongChamp was founded in 1981 by Jean Karoubi as a family office. It is a subsidiary of Silvercrest Asset Management, a traditional and alternative investment advisory firm, which last year bought Marathon Capital Group to bring its total assets under advisory to nearly $10 billion.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note