New York (HedgeCo.net) – New York alternative investment company, Galtere Ltd (Galtere) has gone global, launching a new European hedge fund arm – Galtere (Switzerland) AG.
The firm has appointed Werner Schuenemann to manage the new operation, which is based in Zug, Switzerland. Additionally, Werner has assumed the newly created role of international head of business development and investor relations. His focus will be on managing and developing the firm’s institutional investor base in Europe, the US, Middle East and Asia. Galtere’s investment management, trading and research functions will continue to be run out of New York.
“This is an exciting time to be joining Galtere.” Werner Schuenemann said, “I look forward to adding my skills and experience to the top class team already in place.”
Werner has over 25 years of investment and financial services industry experience, having held global head of sales and distribution roles at a variety of alternative investment firms, most recently Swiss Alpha and Pamplona Capital. Throughout his career he has worked across a diverse range of strategies including commodities, special situations, macro, emerging markets equities, and, fund of funds. Werner has also had senior sales and Directorial positions at JP Morgan (formerly Flemings), Morgan Stanley and UBS. In 2000, while at Flemings, Greenwich Associates ranked him Europe’s top Asian equities salesperson, also ranking him third globally.
Galtere specialises in commodity-based global macro strategies and has over $1 billion of assets under management. Its flagship strategy – managed by Founder and Chief Investment Officer, Renee Haugerud – has an 11-year track record, and has delivered nine consecutive years of positive returns. It differentiates itself from other macro strategies through its theme-based discretionary approach, combined with systematic entry, exit and risk control. The strategy identifies three to five major multi-year global themes, and chooses around 35 individual positions with a one-year investment horizon.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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