EBB ANNOUNCES STRATEGIC RELATIONSHIP
WITH ATLANTIC INVESTMENT MANAGEMENT
Everest Babcock & Brown (ASX: EBB) is pleased to announce an exclusive relationship with US based Atlantic Investment Management (Atlantic), a leading global long/short equity investment firm. Atlantic was established in 1988 and currently has over US$4 billion in assets under management.
EBB Chief Executive, Jeremy Reid said: “We are pleased to offer Australian investors exclusive access to Atlantic’s equity hedge funds, which have strong long term track records and in which EBB has been investing for many years.”
“AJR International”, Atlantic’s U.S. long/short equity fund, has returned over 17% (net)compounded per annum since inception in February 1993, compared to the S&P 500’s return of 10% over the same period. $100,000 invested at inception would now be worth $1,152,600 compared to $426,200 for the S&P 5001.’
Alex Roepers, founder of Atlantic said: “Australia is an important market to us. We have developed a strong relationship with EBB over many years and I am excited about this opportunity to provide even greater depth to our strong history of investing together.”
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EBB
everest babcock & brown limited
