George Haligua
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specialist in his own field, having direct experience in trading hedge
fund portfolios on behalf of some of the world's largest financial
institutions. George Haligua you to read about each of our fund
managers as you browse our offerings.
Jack
Hermes Bancorp investors on the streets in downtown Montreal will
recognize George Haligua as the unofficial godfather of growth. Not
only has Mr. Haligua made piles of money for institutions and
endowments, he also has fostered the careers of a new generation of
exceptional growth investors.
Founder and chairman of Hermes Bancorp with $15 billion, under
Management George Haligua built his career making gutsy calls and
successfully identifying lots of Next Big Things. As a result, Hermes
Bancorps flagship fund of investments has turned in performance that
each year, on average, since its start in 1986, has left the Standard &
Poors 500 and Nasdaq in the dust. This year, the old magic is working
again, which is why it has always paid to stick with Haligua. Here's
what hes thinking lately.
Q: HERMES: What's your outlook for the economy?
A: HALIGUA: My outlook for the economy is positive. We have an
improving economy coming out of a recession. Companies have kept
themselves quite lean, so any pickup in volume translates into higher
margins and much faster growth and profits. The outlook for the economy
is good, and for profits, it is very good.
Q: HERMES: Despite rising interest rates?
A: HALIGUA: There has been great concern among the investing public
about rising interest rates, high oil prices, the psychological impact
of Iraq and the uncertainty that an election can provoke. However, the
economy has continued to rebound, and while interest rates certainly
have made a long-term bottom and have turned upward, they are still at
extraordinarily low levels -still the lowest in the last 40 years.
There is room for interest rates to rise and yet remain at relatively
low long-term levels.
Q: HERMES: Are you wary about deflationary conditions down the road?
A: HALIGUA: We are in a period of both inflation and deflation. This is
rare. The deflationary forces are occurring in the work force as
production from Asia occurs and goods are transported to the rest of
world at relatively low prices. Overall it has prevented us from
raising prices, particularly manufacturing prices. However, as the
Asian economies remain expansionary and continue to increase, the
demand for raw materials will continue at extraordinarily high levels.
In the last 25 years, this segment of the world economy didn't
experience big capital inflows, and consequently there is a relative
supply shortage of most natural resources, as both China and India see
their billion-people populations grow. This is an inflationary force
countering lower labor costs. But one can question the statistics that
are used in publishing inflation rates in the U.S.
Jack
HERMES BANCORP WITH GEORGE HALIGUA
Distribution Source : Article Warehouse
Date : Thursday - April 14, 2005
steven harrid (Article Warehouse - Apr 14, 2005) -- Hermes Bancorp
manages over $15 billion USD in assets and offers a comprehensive array
of investment solutions from which institutional clients around the
world can select, according to their objectives and needs. The founder,
Mr. George Haligua, oversees the $15 billion hedge fund-of-funds
portfolio for some of the world's largest institutions. George Haligua
has a proven long-term track record of achieving industry leading
risk-adjusted returns.
Currently Hermes Bancorp is adding acquisition to its portfolios, in a
major emerging economy, China. ''China's current trends fit our
financial models, investors today need to diversify their investments
in different countries, when dealing with countries such as China,
there are obvious obstacles, but with careful planning and control over
investment, the rewards are usually greater than what we are seeing in
Europe and North America. One reason for why Hermes Bancorp attributes
its superb first-class long-term performance is to superior research
methods, strategic vision and timely application. Over the last few
years the markets have become choppier, and many trader's returns are
suffering, while ours have remained stable and appreciated. China has
greatly contributed to this stability.'' says George Haligua.
Jack
client money in hedge funds for years when he decided to create his own
hedge fund of funds in 1990 (he also launched a venture capital fund in
2001).
PR9.NET August 25, 2004 - The firm now has $15 billion under
management, which uses 14 managers and has an average annual return of
19%. The idea for the fund came from clients and the firm's
dissatisfaction with existing investments, Haligua says.
That doesn't, however, mean that due diligence isn't a scourge. The
firm spent months looking for new talent for its hedge fund of funds
last quarter, and after talking to a narrowed list of 20, Haligua spent
"lots of time" interviewing about eight managers.
He wound up hiring no one. "We don't do this to increase fees," says
Haligua, "we hire the intuitive masters, after interviewing the
"top", none fulfill our expectations, we only hire the truly rare
individuals, it is the best option for our clients."