Pamplona Capital Management has launched a global emerging markets fund, the Pamplona GEM Hedge Fund, which will adopt primarily a long/short equity investment strategy, investing in Centr
Pamplona Capital Management has launched a global emerging markets fund, the Pamplona GEM Hedge Fund, which will adopt primarily a long/short equity investment strategy, investing in Central Eastern Europe, Middle East, Africa, Latin America and Asia. The fund, Pamplona’s first single-manager fund, has secured committed investments of USD150m from institutional investors.
The GEM Hedge Fund will be managed by two experienced emerging markets portfolio managers, Yonatan Gozdanker and Gil Peleg, supported by a dedicated research and administrative team of six professionals.
According to Pamplona, the case for investing in emerging markets is based on a series of macro economic, political and structural factors that are establishing strong and sustainable growth trends in many countries and are creating attractive investment opportunities. The GEM Hedge Fund will seek equity-like returns throughout the capital structure, utilising a broad investment mandate.
Says the firm’s chairman and chief executive Alex Knaster: ‘We have been running fund of hedge funds and private equity investments for more than two years. The launch of the GEM Hedge Fund represents an important step for Pamplona in establishing a third business line for its absolute return platform. We are very pleased to have been able to attract such a talented team of experienced investment professionals to our hedge fund business.’
Gozdanker says: ‘The fund will utilise Pamplona’s network, experience and expertise in emerging regions as well as the firm’s well-established infrastructure. The fund’s investment focus from a bottom-up perspective will be on deep value companies with an active risk management component.’
Established at the end of 2004, Pamplona Capital Management is a London-based alternative investments firm that managed more thanUSD1.3bn in fund of hedge funds and private equity investments at the beginning of June.
