We launched initially with our Dublin office before getting our regulatory approvals in the US in 2010 and opening our New York office at that time. When we started out, we partnered with an existing fund manager who provided us with infrastructure and access to many of the managers with whom we still work today. Initially all funds were managed under that firm’s name.
The firm was founded with Jeremy O’Friel as the sole shareholder but this changed in January 2012 when Daniel Beaton bought into Belmont. There are plans to equitize members of our team as the firm continues to grow.
Between the years 2012 and 2016 as our firm grew we gradually took over all aspects of the investment management process, rebranded the funds under the Belmont name and ended the partnership in September 2016.
In January 2017, we opened a third office in Singapore to service our Asian clients. Although the COVID outbreak interrupted our plans, we were able to resume the launch of our first South African fund in the middle of 2022. We expect that this development will enable us to open an office in Johannesburg at some point in late 2023.
We have been deliberate in the launch of new investment strategies and still only offer seven different funds. Although we expect this number to rise in the years ahead, we do not expect it to exceed ten.
We continue to be alert to the possibility of improving our current offering in the hedge fund space, as well as to the idea of innovating in the traditional equity and fixed-income investment worlds.