"We greatly appreciate this recognition", explains Simon Ruddick, Albourne's Managing Director, "Happily, it coincides with Japan, Asia, the Middle East, Europe and the US all contributing to the firm's best ever month in June with 13 wins (11 hedge, 2 private equity)."
Albourne is also pleased to announce that the next two equity participants in the firm will be David Hutchings and Tom Cawkwell, both from the Private Equity side of the firm's service. David was a veteran of Cambridge Associates and Axa before joining Albourne in 2006. Tom joined from CalSTERs in 2007.
Albourne is 100% owned by senior experienced staff. 22 members of staff participate in the firm's equity.
"We are thrilled by the Private Equity capability that David, Tom and their team have built", explains Simon Ruddick, adding that "this year will see the roll-out of our Real Asset service in keeping with the client demand that we are seeing for consistent and coherent advice across the full range of the complicated assets that they own".
]]>"We are proud of the 49% annualized growth which got us into this list, most especially as it has been achieved without resorting to any external passive investors." Explains Albourne's Simon Ruddick.
"It is a thrill and a comfort to see that our business model stacks up against the best from all industries and not just within finance or the hedge fund industry."
You can access the full list by clicking here.
]]>Mr. Groome, former Advisor, Monetary and Capital Markets Department for the International Monetary Fund (IMF), was appointed Chairman of AIMA in January 2009. At AIMA, he has been extensively involved in developing the association's strategy and policy agendas. He is also a Visiting Scholar at The Wharton School, University of Pennsylvania in the areas of pensions, insurance, and risk management.
Mr. Groome has significant financial markets experience developed over an extensive career in capital markets, in both public and private sectors. Prior to the IMF, he led investment banking, and capital markets teams in the banking and insurance areas at Deutsche Bank, Credit Suisse and Merrill Lynch in London and New York. Most recently, Mr. Groome provided macroeconomic and market advice to the Mosaic multi-strategy hedge fund.
"We are hugely proud and excited to be working with Todd. Our clients have a great appetite for understanding the fast-changing regulatory environment", explains Albourne's Managing Director, Simon Ruddick. "My work with Albourne will involve a dialogue with the firm’s major thought-leading institutional investors. While they know that new regulation is meant to be a means to improve financial stability, they are aware that it could also impact costs and choice", adds Todd Groome.
]]>We are raising money for Oxfam and I greatly appreciate any sponsorship.
For those who wish to contribute online the link is:
https://admin.oxfamtrailwalker.org.hk/en/registration/teamDetail.html?teamId=200954203
I have also set up a UK tax friendly link:
http://www.justgiving.com/Richard-Johnston-HK-Trailwalker-09
If you are wondering how we are getting on this Friday you can check the
website:
http://www.oxfamtrailwalker.org.hk/en/home.html
We are team number 0077, The Four Musketeers.
Regards
Richard Johnston
Albourne Partners (Asia) Limited
My team of four completed Trailwalker in 29 hours and 36 minutes. It was not as fast as we had hoped for but still satisfying. 2008 was the hottest Trailwalker on record and 2009 proved to be the coldest. I realize that wind chills below freezing would barely be noticed by our Canadian colleagues, but in Hong Kong we normally trek in shorts and tee shirts. This was the coldest November since records began in 1883.
Many thanks to those who have sponsored me.
Simon Ruddick, managing director of Albourne Partners Ltd., talks with Bloomberg's Deirdre Bolton about the outlook for the hedge-fund industry.
Ruddick also discusses the performance of endowments and foundations.
Interview can be seen at Bloomberg site, clicking the Video tab to watch.
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“We are thrilled to receive this honour”, comments Simon Ruddick, “although we owe it entirely to the amazingly loyal support of our clients and colleagues”. Although the results for the financial year just ended are yet to be audited, revenue growth will exceed 55% and pre-tax profits will have more than doubled. “We appreciate that these have been very difficult times for many investors, although we are pleased that there is a growing awareness that hedge funds neither created nor fuelled the current financial crisis and that, in fact, they have a yet more crucial role to play within the new financial world order”, adds Ruddick.
]]> Once a year Albourne is also pleased to be able to announce those of its employees that are due to be offered equity options as well as those that have been elevated to Partner status within the firm (although please note that Albourne Partners is a limited liability company).Simon Ruddick CEO of Albourne Partners stated: “Germany represents the world’s fourth largest economy and while investor interest for hedge funds and private equity have been developing relatively slowly, we see some encouraging indications of a change in perception and believe Germany will develop into a meaningful market for Albourne”.
The office will service clients in the German speaking part of Europe and will be run by Peter Neumayer who used to run Germany’s largest hedge fund and will also serve as analyst for multi strategy funds.
Bernhard Steege who co-heads the effort in Germany gained experience as manager of a proprietary hedge fund portfolio and will also advise APL clients on portfolio construction.
Simon Ruddick: “Munich is a diversified location for financial services and since we managed to attract very talented individuals we’ll ultimately be rewarded for delivering outstanding independent advice, particularly in difficult times.”
]]>To see the introduction to the show, click here.
]]>Albourne is not a hedge fund, but it helps pension plans, university foundations and charities and the like allocate money to them. We are hugely proud of this work because we are utterly convinced that hedge funds are good for our clients; good for the markets and good for the average man, and woman, in the street.
For all our sakes, discussion of the role and impact of hedge funds has to be disentangled from the populist politics of envy. For the record, although it should be completely irrelevant: I have never voted Conservative; I was the first in my family to stay in school after 15 and I am hugely proud of my family’s union roots; I am writing this from our offices, which are juxtaposed between a gas-works and a home for lost dogs. I feel compelled to “stand up and be counted” at this time exactly because it will be the vulnerable in society who end up bearing the brunt of the current meltdown in commonsense, if it continues on its current path.