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SUBJECT:
CARNE assists Petrus Advisers in re-domiciliation
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carne@carnegroup.com
DATE:
2013-03-11 12:03:04
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hbiden@rosemontseneca.com
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Petrus Advisers successfully completes re-domiciliation of its Special Situations Fund to the Cayman Islands View in browser http://newsletter.ie/E/run/v3.aspx?x=764945-714-84 | Tell A Friend http://newsletter.ie/E/run/tafn.aspx?x=764945-714-84 Petrus Advisers successfully completes re-domiciliation of its Special Situations Fund to the Cayman Islands Carne Group assists Petrus in achieving further improvement in governance and oversight criteria London, March 2013: Petrus Advisers is pleased to announce that it has successfully re-domiciled its Petrus Advisers Special Situations Fund from Jersey to the Cayman Islands. The decision to move the fund came as a result of investor demands, enabling institutional investors to invest in the fund and creating an internationally comparable investment product. The Special Situations Fund seeks to generate high returns from liquid long/ short trading in the Continental European region. It is managed by a team of experienced investment professionals, based in London and Bratislava, with regional investment banking track records. The team includes Managing Partner and Founder Klaus Umek (previously Head of Investment Banking of Austria and CEE at Goldman Sachs), Michael Sieghart (previously Deputy Head of European Equities at DWS/ Deutsche Bank), Alvier Almeida (previously at Caixa Banco de Investimento and Banco BPI) and Jozef Martinak (previously at Slavia Capital). The portfolio management team is also assisted by its senior adviser Patrick Butler (previously Board Member at Raiffeisen Bank International for Markets/ Investment Banking) in London. The team collectively has over 70 years of industry experience. Carne Group, the global provider of governance and oversight solutions for the fund management industry, assisted Petrus by providing institutional grade governance and oversight services from its Cayman Islands and Swiss offices. Commenting on the successful conclusion of the project, Michael Sieghart, Partner and Head of Equity Strategy at Petrus, said: "We enjoy working with Carne to assist us with the governance of our fund. We value Carne's extensive experience and their market leading knowledge." Chris Day, Director at Carne in London, added: "The addition of an institutionally recognised governance solution to support Petrus Advisers will help them to meet the enhanced oversight requirements many institutional investors now apply to offshore funds." Contacts: Carne Global Petrus Advisers Stuart Fieldhouse Eva Kast Tel: (44) 7793 882230 +44 207 933 8822 Email: stuart.fieldhouse@carnegroup.com Office@petrusadvisers.com About Petrus Advisers With offices in London and Bratislava, Petrus Advisers is an FSA regulated financial institution working primarily with family offices and private banks in the core Continental European market. Founded in 2009 by Klaus Umek, the firm intends to innovate and to generate returns in excess of 20% p.a. for its investors via liquid capital markets (hedge fund) strategies and private transactions (private equity). In its fourth year running, the Petrus Advisers Special Situations Fund, has generated performance after management fees but before carried interest of approximately 193.1%, giving the fund an IRR after cost of 31.6% p.a. About Carne Group Carne is a leading international specialist in the provision of independent governance services to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance needs as well as providing independent Directors to the boards of some of the most respected hedge funds globally. Carne has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Luxembourg, Switzerland, the UK and USA. This email was sent to HBiden@rosemontseneca.com. Unsubscribe http://newsletter.ie/E/run/OO.aspx?x=764945-714-84 | Update Details http://newsletter.ie/E/run/mcp.aspx?x=29224-714-84 | Tell A Friend http://newsletter.ie/E/run/tafn.aspx?x=764945-714-84 Carne Global Financial Services Limited http://www.carnegroup.com/ http://www.carnegroup.com/ Dublin - Cayman - London - Luxembourg - New York - Switzerland The information in this e-mail and any attachments is confidential and may be legally privileged. It is intended solely for the addressee or addressees. If you are not an intended recipient, please delete the message and any attachments and notify the sender of misdelivery: any use or disclosure of contents of either is unauthorised and may be unlawful. All liability for viruses is excluded to the fullest extent permitted by law. Any views expressed in this message are those of the individual sender, except where the sender states them, with requisite authority, to be those of Carne Global Financial Services Limited. If the e-mail is addressed to a client, any opinion or advice contained in this e-mail is subject to the terms and conditions expressed in the governing client agreement. Carne Global Financial Services Limited; Registered Office: 2nd Floor, Block E, Iveagh Court, Harcourt Road, Dublin 2, Ireland; Registered in Ireland: Registration No. 380564
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