Elena Ambrosiadou expects rapid growth at Ikos Asset Management
|February 28th, 2011||
|Elena Ambrosiadou’s Cyprus-based Ikos Asset Management has turned things around, according to Hedge Funds Review. During the financial crisis, the firm not only suffered from the departure of its co-founder Martin Coward, but it also saw its assets fall to $1.4 billion from a peak of approximately $3 billion. Despite its diminished asset base and Mr. Coward’s absence, Ikos has been able to grow its assets under management back up to $2.3 billion since last year. |
The increase in assets can be attributed to investor inflows as well as fund performance. During 2010, the firm’s Ikos FX and Ikos Futures hedge funds returned +26.3% and +22.8%, respectively.
According to the article, Elena Ambrosiadou expects AUM to reach $3 billion again by the end of this year. Ms. Ambrosiadou co-founded Ikos Asset Management in 1993.