2013 was a good year for London-based LNG Capital as its flagship fund returned 16%.
LNG told investors in a letter that was obtained by Opalesque that the firm’s Europa Credit fund--while it is slightly down from the 19.5% net return in 2012--is among the top performing European credit funds. The fund focuses on European corporate debt.
LNG further explained to investors in the letter that the firm believes “emerging-market dislocations will continue to affect global risk appetite and therefore [LNG} want[s] to be selective about entry points, and [the firm] look to selectively take advantage of dislocations as opportunities arise."
LNG was founded in 2006 by Louis Gargour.