press releases 2004 archive
24 December 2004
Issue of Ordinary Shares
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19 December 2004
Directorate Change
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17 December 2004
Acquisition
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24 November 2004
Integrated Asset Management Agreement with Sal. Oppenheim
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07 October 2004
Directors' Dealings
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28 September 2004
Interim Results for the six month period ended 30th June 2004
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06 September 2004
Integrated acquires Italian brokerage business
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02 September 2004
Integrated enters the Italian hedge fund market
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Integrated Asset Management plc, the alternative investment manger and institutional brokerage group quoted on the Alternative Investment Market of the London Stock Exchange ('Integrated'), through its wholly owned fund management subsidiary GAIM Advisors Ltd announces that is has been appointed Investment Advisor for the Zenit Hunter Fund ('the Fund') by Zenit Alternative Investment SGR ('ZAI'), the Italian alternative investment management company. The other shareholders of ZAI are :- PFM Finanziaria , Zenit SGR , Banco di Desio e della Brianza , EffeGestioni SGR and Finbon S.r.l
GAIM Advisors was selected as Investment Advisor for the Fund because of its strong track record and breadth of expertise in the fund of hedge funds sector.
The Zenit Hunter Fund is a low volatility fund of Hedge funds that invests in a number of hedge funds to produce uncorrelated, consistent returns. It is particularly suitable for clients with low risk tolerance and a prerequisite for secured capital return.
The Board of Integrated consider this an important first step into the Italian hedge fund market which is one of the fastest growing markets across Europe. Currently in Italy there are 25 authorised alternative investment management companies with assets under management at the end of May 2004 of over € 97 billion. ZAI is one of the few independent firms. Zenit SGR and Zenit Alternative Investment SGR manage approximately half a billion Euros via discretionary portfolios, Italian domiciled mutual funds and two Italian domiciled fund of hedge funds.
This appointment is part of an increased collaboration between ZAI and Integrated. David Basola, senior manager at GAIM Advisors, previously at JP Morgan, Paribas and CSFB, has recently been appointed to the ZAI board of directors. urthermore, subject to approval from the Bank of Italy, Integrated will increase its stake in ZAI to 10%.
Emanuel Arbib, chief executive of Integrated stated, 'We are delighted that GAIM Advisors are acting as investment advisor to the Zenit Hunter Fund and to be more closely collaborating with ZAI. There are strong opportunities for growth in the Italian hedge fund market. Our range of products and services, specialist sector experience and local knowledge make us extremely well positioned to be important players in this market'.
For further information please contact:
Integrated Asset Management plc.
Emanuel Arbib020 7514 0550
Weber Shandwick
Rochel Velasco 020 7067 0713 rvelasco@webershandwick.com
30 July 2004
Issue of Equity
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25 June 2004
Directorate Change
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