Homm Jumps Back In The Ring

Dec 5 2006 | 10:00am ET

Florian HommFlorian Homm, co-founder of the Alternative Investment Market-listed fund of hedge funds manager Absolute Capital Management, is back in business just a few weeks after being shot by a gunman while traveling in Venezuela. In a letter to investors sent out today, Homm praised his investment team’s efforts during his absence while assuring investors that his traumatic experience served to motivated him even further.

“As in many moments of diversity and challenge certain positives emerge,” Homm wrote. “In particular, I am very proud of the investment team at Absolute Capital Management, which mastered this disruption in the most exemplary manner. Indeed, in spite of a sharp 5% rise and sharp 5% fall in equity markets over this short period (not as a result of my incident followed by recovery!), all of our funds picked up absolute performance during this period of high volatility.”

“While I am currently the senior event driven manager for about 30% of our group assets, our event-driven team, including our Zurich partners, managed to perform perfectly well without me during this phase,” he continued. “Our second line managers passed this stress test with flying colors and are clearly prepared to take on more responsibility. A radical way to stress the team is how my wife put it!”

“However, please be assured that post this incident I am even more motivated than before,” he wrote. “The value of my having both the physical and mental strength post this incident has made me realize how important ‘being in the ring’ is.”


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR