Gems Advisors = December 2007
This year has been a good one for Gems investors. Gems Recovery (up 33.87% year to date to 31 October) recently won the Hedge Funds Review European Hedge Funds award as the Best Performing Specialist Fund of Hedge Funds over three years. Gems Multi-Strategy X2 also won the award for Best Performing Leveraged Product on a Risk-Return Basis with returns on the unlevered version of 21.08%.
At the same time, the firm’s $2.6bn flagship, the Low Volatilty fund, sailed quite smoothly through the summer and is up 17.31% for the year, while Gems’ ‘best ideas’ Perennial fund is up around 120%. Gems now has assets of nearly $5bn under management.
Chief executive officer, Miguel Abadi (below, left) and the Gems research team headed by David Goldfarb (below, right) are constantly mindful of a certain asymmetry. Abadi explains it plainly: “Investors, whether high net worth or institutions
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