A former Goldman Sachs proprietary trading team has been broken up after failing to perform at Fulcrum Asset Management, a UK hedge fund manager co-founded by ex-BBC chairman Gavyn Davies.
Davies, who in 2004 co-founded Fulcrum Asset Management with Andrew Stevens and Christian Siva-Jothy, all formerly of Goldman Sachs, has split out its SemperMacro fund, which has suffered heavy redemptions after what a client described as "very disappointing performance".
Semper Macro Capital, the name of the spin-off, will now be run by Siva-Jothy. He has taken with him only Hassim Dhoda, Stephen Hull and Stefan Pollman, according to the Financial Services Authority's register. They were all former Goldman Sachs prop traders.
The SemperMacro team had been nine-strong at its height at Fulcrum Asset Management.
Other partners of Fulcrum Asset Management have left the firm, including Akis Karayiannis who left at the end of August, according to Companies House. Partners Tim Fletcher, Patrick Hall, David Kaplan and Gianluca Squassi left Fulcrum Asset Management earlier this year.
SemperMacro recorded an investment loss of 15.7% last year, according to investors in hedge funds. An investor who redeemed from the fund said: “The size of the loss was a big surprise to all of us.”
Hedge fund industry sources said a combination of client redemptions and investment losses had lowered the fund’s assets under management from $1.4bn (€1bn) to $400m at the start of the year. The remaining investors have not disclosed the fund's performance and asset figures since then.
Source: efinancialnews.com
7 Comments:
Good day !.
might , probably curious to know how one can collect a huge starting capital .
There is no need to invest much at first. You may begin earning with as small sum of money as 20-100 dollars.
AimTrust is what you thought of all the time
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates everywhere: In USA, Canada, Cyprus.
Do you want to become a happy investor?
That`s your choice That`s what you wish in the long run!
I feel good, I started to take up income with the help of this company,
and I invite you to do the same. It`s all about how to choose a proper companion who uses your money in a right way - that`s AimTrust!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to start , just click this link http://nixokoceg.uvoweb.net/uxalaj.html
and lucky you`re! Let`s take our chance together to feel the smell of real money
Hi !.
You may , perhaps very interested to know how one can make real money .
There is no initial capital needed You may commense to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you need
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your choice That`s what you really need!
I`m happy and lucky, I started to get income with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct companion utilizes your money in a right way - that`s the AimTrust!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to join , just click this link http://asonykyde.bigheadhosting.net/obonyd.html
and lucky you`re! Let`s take our chance together to become rich
Hi !.
You re, I guess , probably curious to know how one can manage to receive high yields .
There is no initial capital needed You may commense earning with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with affiliates around the world.
Do you want to become an affluent person?
That`s your chance That`s what you really need!
I`m happy and lucky, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion who uses your funds in a right way - that`s it!.
I make 2G daily, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://isususeze.1accesshost.com/nonoga.html
and lucky you`re! Let`s take this option together to get rid of nastiness of the life
Good day !.
You re, I guess , perhaps curious to know how one can collect a huge starting capital .
There is no need to invest much at first. You may begin to get income with as small sum of money as 20-100 dollars.
AimTrust is what you need
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates around the world.
Do you want to become an affluent person?
That`s your chance That`s what you wish in the long run!
I`m happy and lucky, I began to get income with the help of this company,
and I invite you to do the same. If it gets down to choose a proper partner utilizes your money in a right way - that`s the AimTrust!.
I earn US$2,000 per day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://ubisuryqev.fcpages.com/obokev.html
and lucky you`re! Let`s take our chance together to get rid of nastiness of the life
Hello everyone!
I would like to burn a theme at this forum. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of ponzy-like structure, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.
For several years , I earn money with the help of these programs.
I'm with no money problems now, but there are heights that must be conquered . I get now up to 2G a day , and my first investment was 500 dollars only.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Visit my web site to get additional info.
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]
Nice and interesting posts in this blog
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com
Post a Comment