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Press Release - 01/07/2006 -
Orthogonal
Partners
Launches Its First Investment Fund
Sainsbury family office veterans set up new specialised fund
Orthogonal Partners today announces the launch of its first fund to create a globally diversified portfolio of novel,
innovative, unconventional and underserved emerging strategies. It is anticipated that these strategies will produce new sources of return with low correlation to traditional assets. The funds objective is to achieve
returns of 15-20% net IRR and is expected to have a size of $200 million.
The
fund will invest in all asset classes including private equity and hedge
funds.
The
founding Partners are Romek Pawlowicz, Ahmet Ismael and Dan Gore who were
all previously part of the Sainsbury family office. Senior partner, Romek
Pawlowicz has more than 22 years of investment experience across all asset
classes having worked previously for the Rausing family office, CSAM,
GAM and Laurentian Life. While Head of Listed and Alternative Assets at
the Sainsbury family office, Romek successfully invested in managers across
the investment spectrum. He also sat on the advisory and research boards
of the Centre for Hedge Fund Research, London Business School.
Romek Pawlowicz, Senior Partner Orthogonal Partners, comments, “This
is an interesting time for investors. There is a wall of money chasing
conventional asset classes. This is likely to lead to lower returns and
increased risks. We believe investors need to target new areas where there
are greater inefficiencies and barriers to entry. Family offices
and endowments were early adopters to the now mainstream alternatives
of private equity and hedge funds. They enjoyed extraordinary returns
throughout the 1990s. We believe that by targeting new sources of returns,
we can deliver similar first mover rewards for our investors.
At the Sainsbury family office we reviewed many ideas outside of the traditional
areas. Most managers would not have the experience or investment framework
to analyse and compare managers targeting new sources of return. We will
be building on the ideas we developed within the Sainsbury family office
to ensure continuity of strategy, approach and process.”
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For further information:
Ryszard Bublik
Parys Communications
020 7622 9951
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