Insparo Asset Management has strengthened its operational capabilities with the appointment of James Gore as finance and operations manager.
Gore will work alongside Jon Laidlow, who took up an expanded chief operating officer role in April. He will assist Laidlow in meeting Insparo's tax, legal, compliance and regulatory requirements. Additionally, Gore will be responsible for 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 per cent so far in 2009.
The firm plans to ramp 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 has a strong background in finance and operations, having spent ten years in the hedge fund and asset management industries.
He joins Insparo from Gandhara Capital. In his role as finance manager, he had responsibility for the firm's tax, accounting and audit procedures. Additionally, he was responsible for the firm's regulatory reporting.
Prior to this, Gore was manager of the fund accounting team at Marathon Asset Management.
Laidlow says: 'We are very pleased to add someone of James's calibre to our team. 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.'
Gore adds: 'I'm delighted to be joining such an experienced and ambitious team. In terms of development, Insparo is ahead of the curve for a company that's only two years old, and the plans for expansion will make sure it stays there. It's certainly an exciting time for the firm, and I'm looking forward to helping them grow.'