Amber Capital, the New York-headquartered European
event-driven specialist led by Joseph Oughourlian and Michel
Brogard, is up and running with a dedicated Italian equity
long/short fund that is managed from the firm's growing
operation in Milan.
The Amber Italia Equity Fund, which is regulated by the Bank of
Italy, was launched in November and is so far running around
25 million, with the aim of reaching 100 million in
the next 12-18 months and with capacity reckoned to be around
300 million. It is up by around 2% since launch.
It is the first fund to be managed by Amber from Europe and
has been launched on the back of the firm's strong presence