|Verdi Capital has launched the Verdi Capital Central European Fund LTD, its inaugural hedge fund, this month. The long/short equity fund primarily invests in stocks from Central Europe and Turkey.|
Verdi Capital’s founders, Katerina Zychova and Robert Doucha, will look to exploit their local knowledge of Central Europe as well as their long term relationships with local companies when evaluating investment opportunities. Zychova and Doucha have a combined 17- years of portfolio management, investment banking and corporate finance experience in the region.
According to a press release, Verdi Capital was “funded as a spin- off from a Central European Fund with a performance of 40% IRR since its inception in May 2009.” Verdi Capital operates out of investment offices in both Prague and London.
Verdi Capital has appointed Charter Group Fund Administration as the Verdi Capital Central European Fund LTD’s Administrator. It also selected Morgan Stanley’s Geneva office as its Broker and Deloitte & Touche as its Auditor. Commenting on the appointment of Charter Group as the Fund’s Administrator, Verdi Capital’s Managing Director Katerina Zychova noted:
“Charter Group is a natural fit for Verdi. As a boutique provider, Charter Group’s management team offered invaluable assistance leading up to a seamless launch of the Fund. They understood the issues immediately, providing innovative solutions, and were always accessible and responsive.”
Charter Group Fund Administration is a London based fund administrator that focuses on investment boutiques. Charter Group is headed by Brian Taitz who previously founded another industry leading fund Administrator in Australia and prior to that was the CFO of a multi-billion dollar hedge fund manager.