London-based Titanium Capital has been appointed investment adviser to USD 111 million in emerging market assets in the Greenwich Reserve Fund Ltd, an offshore fund in the BVI that has closed to new investment.
Titanium Capital was founded in 2002, and focuses on the management of client assets in absolute and hedge fund strategies. Its headquarters are in St. James's Square in London's West End, which it recently acquired.
Titanium Capital already manages client assets in its initial product, the Titanium European Equity Fund, managed by star fund manager Alastair Anderson, who previously worked at Morgan Stanley, and has a three-year hedge fund track record, returning over 20% annualised since 2000. In addition, Titanium Capital recently won a mandate to advise on the Rockwell Diversified Fund, a USD 235 million mandate in emerging markets
Philip Manduca, Managing Director, said: "We are thrilled to win a further emerging market advisory mandate so shortly after being awarded the Rockwell Diversified Fund. We are continuing to search for top quality investment teams with existing track records to join Titanium Capital as we build ourselves into a medium sized asset management business over the next two or three years. Strategies in both global equities and fixed income, including global macro, are high on our priority list of product launches in 2004. "
Din Bhumgara, Chief Operating Officer at Titanium adds: "Asset growth is now approaching USD 500 million under management in a short space of time. Our operating infrastructure was established at the outset to manage several different strategies simultaneously, and we can absorb several more product strategies as soon as we identify top quality managers to join the firm."
copyright hedgeweek 2003