Wednesday, 31 August 2016
Last updated 1 hour ago
Aug 26 2009 | 9:05am ET
Hedge fund firm Insparo Asset Management has strengthened its operational capabilities with the appointment of James Gore as finance and operations manager.
In his new role, Gore will work alongside Jon Laidlow, who took up an expanded COO role in April. Gore will assist Laidlow in meeting Insparo’s tax, legal, compliance and regulatory requirements. Additionally, Gore will be responsible for all aspects of business development.
Insparo celebrated the first anniversary of its inaugural Africa and Middle East Fund last month. The fund has returned over 15% so far in 2009.
On the back of this performance, the firm is ramping up the marketing of the fund. Insparo will target traditional hedge fund and institutional investors such as funds of hedge funds, private banks, family offices, HNWIs and pension funds in the US, South Africa and the Middle East.
Gore joins Insparo from Gandhara Capital. Prior to that, he was manager of the fund accounting team at Marathon Asset Management, and before joining Marathon, he was risk manager at HSBC Halbis Partners.
“We are very pleased to add someone of James’s caliber to our team,” said Laidlow. “The success of our first year has given us the opportunity to push on to the next level. We are actively marketing the fund to potential new investors, and expanding our expertise across the firm.”
The Insparo Africa and Middle East Fund has $140 million in assets under management. Investors include IPGL Limited, a private holding company in which Michael Spencer, CEO of ICAP, together with his wife and family trusts, are majority shareholders; South African entrepreneur Mark Shuttleworth’s Here Be Dragons; and Exotix Limited.