In The News - The Hedge Fund Journal - Altana Wealth Profile
Battling inflation with real returns amid the market maelstrom
By Bill Macintosh
Few hedge fund managers running a successful firm with billions of dollars under management and enjoying the fruits of a successful investment career spanning two decades would be willing to start over. But that is exactly what Trafalgar Asset Managers co-founder and continuing partner Lee Robinson is doing.
He is financing the build out of Altana Wealth and has put $25 million of his own cash into its inaugural Altana Sovereign Diversity Fund, which opened to external investors on 1st July. The new firm, which is being run independently from Trafalgar, in early September just launched its second product, the Altana Inflation Systems Fund.
The timing of the new venture is characteristically opportunistic. US government debt has lost its ‘AAA’ rating, the euro zone is ricocheting from crisis to crisis, while inflation is advancing in many emerging market economies. With the aim of protecting investors, the launch of Altana earlier this year looks prescient.
To catch up on the developments and explore the rationale for the new venture, The Hedge Fund Journal visited Robinson at his airily spectacular Baker Street offices. The challenge of running client money amid the evolving financial crisis permeated a discussion which highlighted Robinson’s intellectual dexterity, close focus on risk management and multi-asset class tactical trading ability.
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