LongChamp’s Latest FoFs Off To Rough Start

Feb 26 2009 | 3:54am 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...