The Petershill Fund, the private investment fund managed by Goldman Sachs Asset Management International, has exercised its investment rights under its agreement with Trafalgar Asset Managers Ltd to retain a minority stake in Lee Robinson’s new venture, investment management group Altana Wealth.
This is a passive investment and does not carry with it any investment management rights or board representation.
Robinson (pictured), Altana founder and CIO, says: “I have maintained a close relationship with Petershill over the past several years as they held a stake in my previous business, Trafalgar Asset Managers Ltd, and I have continued contact with them as I developed my new business. It is with great pleasure both for our team and our clients to be associated with Petershill once again.”
Altana was founded to deliver absolute real returns to investors and currently has two funds open to external investors: the Altana Sovereign Diversity Fund and Altana Inflation Trends Fund, managed by Ian Gunner and Alex Krainer, respectively. Although very different in strategy and asset allocation, both funds aim to help investors preserve and enhance their wealth against a backdrop of widespread concern in the investment community over currency inflation and asset devaluation.
A third fund, the Altana Distressed Assets Fund, will soon be opened to external investors and will be managed by Robinson himself, bringing with him a 14-year audited track record of managing money successfully particularly in bear markets.
The founders and managers of Altana Funds Limited have to date invested in excess of $50 million of their own money in Altana’s funds.
Robinson says: “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.”
