Elena Ambrosiadou expects rapid growth at Ikos Asset Management

February 28th, 2011
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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.
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