LNG Capital is a London based European credit focused asset management firm founded by Louis Gargour in 2006. LNG seeks to only invest in highly liquid credit and related instruments, a factor that allows the team to remain nimble and dynamic in the face of changing market conditions. Louis has been focusing on European credit since inception of this asset class in 1996 at Salomon Brothers, JP Morgan, and Goldman Sachs. He started Europe’s first long/short credit hedge fund in 2001 which he merged into RAB Capital where as head of fixed income he ran over $1bn. The LNG Europa Credit Fund is one of the top performing credit funds globally, with estimated net YTD performance of +15.2% (by Oct. 31) following 2012 performance of +19.5% (net).
The LNG team has been working together for over 11 years. During that time, the size of the European credit markets has grown from initially 1/10 of the size of the US market to now 1/4. All parameters like liquidity, number of issuers, issues and market makers have massively improved and contributed to the maturation of this asset class. In this Opalesque.TV BACKSTAGE interview, Louis Gargour points to the attractive opportunities that are now available in greater numbers in European credit. He also speaks about LNG’s investment philosophy and process, operations and risk management. LNG has an institutional backer and well diversified investor base.
Louis Gargour is Managing Partner and CEO/CIO of LGN Capital. He has has 25 years of corporate bond experience, including 15 years of portfolio management experience. He began his career at Salomon Brothers, where he became a VP of Emerging Markets and Credit. He then went on to Goldman Sachs before founding one of Europe’s first credit funds, Taurus Asset Management, which merged with RAB Capital in 2001. At RAB, Mr Gargour was the head of Fixed Income and also served a member of the investment committee. In late 2006 Mr Gargour left RAB to found LNG Capital. He has a BS in Finance from Georgetown University and an MBA from London Business School.
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LNG Capital is a London based European credit focused asset management firm founded by Louis Gargour in 2006. LNG seeks to only invest in highly liquid credit and related instruments, a factor that allows the team to remain nimble and dynamic in the face of changing market conditions. Louis has been focusing on European credit since inception of this asset class in 1996 at Salomon Brothers, JP Morgan, and Goldman Sachs. He started Europe’s first long/short credit hedge fund in 2001 which he merged into RAB Capital where as head of fixed income he r
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