Ermitage

Founded in 1975, Ermitage is one of Europe’s pioneering hedge fund investors - making its first hedge fund investment in 1984 and launching its first multi manager hedge fund in 1997. Over recent years, Ermitage has become increasingly focused on its solutions capability, providing a highly advanced customised portfolio service alongside a comprehensive range of multi-manager hedge funds and single manager hedge funds. Ermitage has operations in London, New York and Jersey and manages over $1bn in assets on behalf of a global client list that includes a significant mandate from CalPERS – one of America’s most prominent public pension funds. Central to Ermitage’s edge is its leading edge portfolio construction and risk management system – OPTICS – which builds multi-manager portfolios that take into account multiple market scenarios, allowing for the fact that markets may change course, sometimes dramatically and often unexpectedly.  This gives clients a greater level of control within their portfolio and assists them in meeting their specific requirements in terms of risk, return and other investment preferences. In November 2010, CalPERS adopted Ermitage’s OPTICS system to assist with managing risk across their multi-billion hedge fund and equity programs. On May 3^rd 2011, Ermitage announced it is to join the Nexar Capital Group with a combined AUM of $3.5bn, an enhanced range of customised, multi-manager and single manager hedge fund products, together with additional risk management and hedge fund research capabilities. Ermitage is represented by Intervalor since 2001.


For further information see www.ermitagegroup.com