Hedge Funds Battle it Out at the Digiterre Hedge Fund Regatta

9 July 2008

Both the weather and the spirit of competition in this year’s Digiterre Hedge Fund Regatta were fierce. Over 120 participants competed in six close races over two days, facing winds up to 30 knots over the deck in the Solent.

Sponsored by JP Morgan and hosted by Digiterre out of the Southampton Royal Yacht Club, the regatta featured crews drawn from more than 20 firms across the alternative investment industry, including Ecofin, GLG, HSH Nordbank, RP Capital, Emergent Asset Management, Digiterre, Signet, New Finance Capital and JP Morgan and various other hedge funds and fund of funds from across the industry.

The races were all close but London-based Ecofin emerged victorious, racing “Anticipation” skippered by Andy Green, and winning the regatta’s Emergent Cup, sponsored by the 2006 winner Emergent Asset Management.

Geoff Poore led the GLG “Esprit Fund” team to a very close second place sailing “Addiction”, winning several races of their own and providing a healthy dose of competition for Ecofin.

And last year’s winners, HSH Nordbank, kept everyone on their toes by capturing a close third place on “EuphoriX”, sailed by Paul Dentskevich and his team.

Colin Lewis, The Royal Southampton Yacht Club’s commodore, kicked off the event by welcoming regatta attendees on July 2nd at the JP Morgan sponsored Pimms reception and BBQ. Excellent food, wine and entertainment were enjoyed by all. On July 3rd, guests attended the regatta’s gala reception and dinner at Dockgate 4, where they enjoyed viewing photos of the day’s racing.

Ian Murrin, CEO of Digiterre commented on the event:

“We were pleased to see how well the event has grown over the past three years and to see some of the same faces back this year, as well as some new attendees. We had a good mix of experienced sailors and those new to sailing, and the result was a great competition and some very close races, as well as a great opportunity to network and team-build. We’d like to thank both Activ Power and Sail for helping us to make the regatta possible, and all the teams who participated. Judging from the feedback we’ve received, everyone thoroughly enjoyed themselves and felt the event a positive mix of competition, socialising and networking.”

The dates for the 2009 Digiterre Hedge Fund Regatta are to be announced soon, with the event capped at 200 people across 20 yachts.

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