Prime One Capital leads Industry by Example

When historians write about how hedge funds fared during the credit crisis, they would do well to dig out the clippings on listed asset manager Prime One Capital.
By: Scott Withers
 
May 14, 2010 - PRLog -- When historians write about how hedge funds fared during the credit crisis, they would do well to dig out the clippings on listed asset manager Prime One Capital.

One investor said: “When you look at all that markets and hedge funds have been through, you name it, last year Prime One Capital went through it and came out better than last year.”

Prime One Capital was one of the first, but far from the only, managers to either curb or put a complete stop on investors withdrawing money from its funds.

It retrenched staff, and shuffled jobs to let top brass manage money during the economic crisis. The most experienced managers are entrusted with running the funds.  Finance officer Tim Hollswo is chief executive, allowing Prime One Capital’s co-founder and chief executive J. Peterschmidt to focus on investments. Prime One Capital said it was separating investment roles from business management.

One investor said: “The most experienced hands are moving back to running money.”

As a result, many firms are taking a step back and asking how they get a model to mirror Prime One Capital’s, that calms individual investors.

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Prime One Capital assists clients with traditional commercial financial request but our speciality is working on real estate and commercial transactions that require creative structuring.
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Source:Scott Withers
Email:***@withersmedia.com Email Verified
Zip:44114
Tags:Commercial Lending, Hedge Fund, Private Equity
Industry:Commercial lending, Hedge fund, Private equity
Location:Cleveland - Ohio - United States
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