1 Feb 2012
Altana Wealth, the investment management group set up by Lee Robinson last year, is to soon launch a third offering to investors, the Altana Distressed Assets Fund. It will open to external investors and be managed by Robinson who brings a consistently profitable 14-year audited track record of managing money, particularly in bear markets.
The firm’s founders and managers have to date invested in excess of $50 million of their own money in Altana’s funds. Its first two offerings are the Altana Sovereign Diversity Fund, into which Robinson invested $25 million, and the Altana Inflation Trends Fund, into which he invested $10 million. Ian Gunner and Alex Krainer manage each fund respectively.
Altana also confirmed that the Petershill Fund, a private investment fund managed by Goldman Sachs Asset Management International, has exercised its investment rights under its agreement with Trafalgar Asset Managers, Robinson’s previous business venture, to retain a minority stake in Robinson’s new venture. This is a passive investment and does not carry with it any investment management rights or board representation.
The firm’s founders and managers have to date invested in excess of $50 million of their own money in Altana’s funds. Its first two offerings are the Altana Sovereign Diversity Fund, into which Robinson invested $25 million, and the Altana Inflation Trends Fund, into which he invested $10 million. Ian Gunner and Alex Krainer manage each fund respectively.
“After building a world class infrastructure over the past 18 months, we now have an attractive combination of funds in the sweet spot of potential performance, alignment of partner money and the infrastructure to manage much larger assets under management,” said Robinson. He also serves as chief investment officer for Altana.
Altana also confirmed that the Petershill Fund, a private investment fund managed by Goldman Sachs Asset Management International, has exercised its investment rights under its agreement with Trafalgar Asset Managers, Robinson’s previous business venture, to retain a minority stake in Robinson’s new venture. This is a passive investment and does not carry with it any investment management rights or board representation.
“I have maintained a close relationship with Petershill over the past several years as they held a stake in my previous business, and I have continued contact with them as I developed my new business,” said Robinson. “It is with great pleasure both for our team and our clients to be associated with Petershill once again.”Altana is aiming to deliver absolute real returns to investors against a backdrop of widespread concern in the investment community over currency inflation and asset devaluation. Though the funds it is developing will feature different strategies and asset allocations, the broad aim is to help investors preserve and enhance their wealth.
