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JOSEPH OUGHOURLIAN AND AMBER CAPITAL'S NEW PURCHASE
The Business Insider
May 11 2011
Joseph Oughourlian is the co-founder, managing partner, and chief
executive officer of Amber Capital Investment Management. Amber
Capital is an event-driven hedge fund. Oughourlian headed the Equity
Arbitrage Proprietary Trading Desk at Societe General between 1997 and
2001. Initially Amber Capital operated as the asset management arm of
SG Corporate & Investment Banking. New York City-based Amber Capital
was launched in 2005 as an independent entity. It serves corporations,
partnerships, institutions and high-net worth individuals all over
the world. Amber mostly invests in value stocks, mergers, spin-offs,
and takeovers. About one third of its investments are in the U.S. and
the rest is in Europe. In 2007, Amber managed $7 billion at its peak.
Oughourlian and Michel Brogard, Amber's other co-founder, has averaged
12% annually between 2001 and early 2009.
Joseph Oughourlian, Armenian trader, was born in Beirut, Lebanon. He
was elected as the newest member to Central Board of Directors of the
AGBU. AGBU is the largest nonprofit Armenian organization, established
in 1906 and aims to preserve and promote the Armenian identity and
heritage through educational, cultural and humanitarian programs.
Previously Michel Borgard worked at Credit Suisse First Boston focusing
on European equities.
Last month Amber Capital disclosed a 5.9% stake in Gran Tierra Energy
(GTE). They paid around $7.5 per share on or around April 12th. At the
end of 2010 Amber had 5.9 Million shares of GTE in its portfolio. This
means they acquired an additional 9.4 Million shares as GTE fell
below $8 per share.
Amber Capital is by far the largest shareholder in GTE. At the end of
December George Soros had $14.5 Million in GTE. Chuch Royce's Royce &
Associates had $13 Million in GTE as well.
Read more:
http://www.businessinsider.com/joseph-oughourlian-and-amber-capitals-new-purchase-2011-5#ixzz1M4FrhhkE
From: Baghdasarian
The Business Insider
May 11 2011
Joseph Oughourlian is the co-founder, managing partner, and chief
executive officer of Amber Capital Investment Management. Amber
Capital is an event-driven hedge fund. Oughourlian headed the Equity
Arbitrage Proprietary Trading Desk at Societe General between 1997 and
2001. Initially Amber Capital operated as the asset management arm of
SG Corporate & Investment Banking. New York City-based Amber Capital
was launched in 2005 as an independent entity. It serves corporations,
partnerships, institutions and high-net worth individuals all over
the world. Amber mostly invests in value stocks, mergers, spin-offs,
and takeovers. About one third of its investments are in the U.S. and
the rest is in Europe. In 2007, Amber managed $7 billion at its peak.
Oughourlian and Michel Brogard, Amber's other co-founder, has averaged
12% annually between 2001 and early 2009.
Joseph Oughourlian, Armenian trader, was born in Beirut, Lebanon. He
was elected as the newest member to Central Board of Directors of the
AGBU. AGBU is the largest nonprofit Armenian organization, established
in 1906 and aims to preserve and promote the Armenian identity and
heritage through educational, cultural and humanitarian programs.
Previously Michel Borgard worked at Credit Suisse First Boston focusing
on European equities.
Last month Amber Capital disclosed a 5.9% stake in Gran Tierra Energy
(GTE). They paid around $7.5 per share on or around April 12th. At the
end of 2010 Amber had 5.9 Million shares of GTE in its portfolio. This
means they acquired an additional 9.4 Million shares as GTE fell
below $8 per share.
Amber Capital is by far the largest shareholder in GTE. At the end of
December George Soros had $14.5 Million in GTE. Chuch Royce's Royce &
Associates had $13 Million in GTE as well.
Read more:
http://www.businessinsider.com/joseph-oughourlian-and-amber-capitals-new-purchase-2011-5#ixzz1M4FrhhkE
From: Baghdasarian