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Galtere launches European operation

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Galtere, the USD1bn New York-based alternative investment house, has launched a European arm. 

The firm has appointed Werner Schuenemann to manage the new operation, which is based in Zug, Switzerland.

Schuenemann has assumed the newly created role of international head of business development and investor relations. His focus will be on managing and developing the firm’s institutional investor base in Europe, the US, Middle East and Asia.

Galtere’s investment management, trading and research functions will continue to be run out of New York.
 
Schuenemann has over 25 years of investment and financial services industry experience, having held global head of sales and distribution roles at a variety of alternative investment firms, most recently Swiss Alpha and Pamplona Capital.

Galtere specialises in commodity-based global macro strategies and has over USD1bn of assets under management.
 
Renee Haugerud, founder and chief investment officer, says: “Werner’s appointment and the establishment of an international distribution presence is a clear signal of our ambition to move Galtere to the next level. We firmly believe that the business is poised to grow even further over the next few years.  We are creating an international environment and business infrastructure that will enable us to meet this challenge, and Werner and the team will be instrumental in helping us to get there.”

Schuenemann says: “This is an exciting time to be joining Galtere. The opportunity to work with investment professionals of the calibre of Renee and her team, allied to current investor demand for products with low market correlation, were key factors in my decision. I look forward to adding my skills and experience to the top class team already in place.”

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