May 12, 2011

 

Warren Couillault is pleased to announce the establishment of new investment manager Richmond Investment Management GP Limited (Richmond).

 

Richmond is a partnership between Warren Couillault and the Spencer Family Group (SFG), led by Berridge Spencer.

 

Richmond’s initial offering comprises two fund-of-fund products (Richmond International Funds) which will invest with a selection of world-class hedge fund managers. The Richmond International Funds are available to retail investors in NZ dollars and US dollars, with a minimum investment of $25,000. The investment statement is available on the Richmond website: www.richmond.co.nz.

 

By investing with a selection of preferred hedge fund managers, Richmond aims to generate absolute positive returns regardless of the financial market environment, i.e. in “good” markets and in “bad”. This has been SFG’s experience investing in hedge funds over the past 18 years.

 

“As we have unfortunately seen in the past few years, financial markets don’t always go up. If you can minimise or avoid losses from your portfolio from falling markets, you spend less time making up lost ground and more time actually making money over the life of your investments” says Richmond CEO, Warren Couillault. “We believe good hedge fund managers are very good at minimising downside, so a portfolio of investments with the right hedge funds is expected to result in a combination of positive returns and low volatility” he says.

 

Mr Couillault says he is looking forward to bringing the investment opportunity to New Zealand investors: “Richmond is offering investors a truly unique opportunity to invest with what we believe are some of the best funds managers in the world. These managers are usually only accessible to super high net worth or institutional investors.”

 

Mr Couillault is joined on the Board by Berridge Spencer, Managing Director of SFG, Auckland business consultant and company director, Steve Allbon, and experienced corporate advisor, David Cameron-Brown.

 

For further information please contact:

Warren Couillault Director, CEO

Ph: 09 377-1100

Mob: 021 489 101

Richmond Investment Management

 

Jillian Talbot

Ph: 021 493 820

Reach Consulting

 

About Hedge Funds

A hedge fund is a fund that can take both long and short positions, use arbitrage, trade options or bonds, and invest in almost any opportunity in any market where it foresees impressive gains at reduced risk. The primary aim of most hedge funds is to reduce volatility and risk while attempting to preserve capital and deliver positive returns under all market conditions.

 

Disclaimer: Nothing in this announcement constitutes an offer of securities. No applications for securities will be accepted or money received unless a subscriber has received an investment statement. Units in the Richmond International Funds will only be offered to persons residing in New Zealand. No action has been, or will be, taken outside New Zealand that would permit an offer of units in the Richmond International Funds in any other jurisdiction.

 

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