Daily Archives: May 19, 2022

Assets, Business, Financial, Financial Information, Financial Management, Financial Services, Funding, Funds, Hedge Funds, Investment, Money

Jeff Banfield of Caravel Capital Investments featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark

NASSAU, Bahamas, 18-May-2022 — /EPR FINANCIAL NEWS/ — Jeff Banfield, a founding partner of Caravel Capital Investments Inc., will be the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on June 2, 2022. With over 30 years of experience in the alternative investment industry, Banfield will deliver valuable insights and his recipe for navigating the current global financial markets.

Jeff Banfield, Founding Partner Caravel Capital Investments Inc.

Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield’s talk will address the perfect storm the markets find themselves in and what history has taught him to navigate. He will touch on the correlation between Caravel Capital’s strategies and the economic cycle and demonstrate how flexibility helps avoid pitfalls.

Secure Hedge’s investors and guests will gather near their headquarters in Copenhagen to attend this invitation-only event. Jeppe Blirup, head of Secure Spectrum’s Fund of Hedge Funds division, explains, “We are excited to host our distinguished investors at our annual Hedge Fund Seminar. We turned to Jeff to share his wealth of knowledge on the markets, strategies, and execution. Especially in this kind of market, we are all looking for insights that will help us to grow and preserve our capital. Caravel Capital shares our priorities, namely: growth of capital, capital preservation, alignment of interests, and risk-aversion.”

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The Caravel Capital Fund outperformed major indices in Q1 2022 with a 3.25% (net of fees) return, generated 30.78% returns in 2021, and obtained annualized returns of 18.96% since inception in 2016 while maintaining a Sharpe Ratio of 2. Gibbons and Banfield utilize several strategies, including but not limited to convertible arbitrage, relative value arbitrage, capital structure arbitrage, merger arbitrage, distressed debt, and alpha long/short.

Caravel Capital Investments Inc. is a multi-strategy market-neutral hedge fund based in Nassau, The Bahamas. Founded in 2016 by Glen Gibbons and Jeff Banfield, the firm prioritizes capital preservation with a commitment to liquidity and transparency. Named after the agile exploration ships used during the age of discovery, the firm maintains strict limits, small positions, and a manageable fund size to ensure quick responses to changing dynamics. The team uses innovative, leading-edge idea implementation while owning the Fund’s risk tails. The managers pursue systematic and non-systematic risk reduction through frequent review of risk/reward and high liquidity, thereby providing a genuinely market-neutral result, as evidenced by the returns.

Secure Spectrum is a fund of hedge funds that aims to generate an absolute return over the business cycle, seeking to generate an attractive risk-adjusted return regardless of the development of financial markets. Secure Hedge seeks to exhibit low correlation with the stock market and help diversify a traditional portfolio consisting of equities and bonds. The fund’s active portfolio management involves looking for exposure to attractive niche investment strategies that are typically difficult to access and independent of each other.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Management, Financial Statements, Investment, Money, Revenues, Stocks, Trading

Digi Communications N.V. corrects two clerical errors in its Q1 2022 Financial Report

Bucharest, Romania, 18-05-2022 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform the market and its investors that, the Q1 2022 Financial Report was amended in order to correct the following clerical errors:

  1. In the English version of the Q1 2022 Financial report, at page 21, Under the line “Condensed Consolidated Statement of Comprehensive Income”, in the original version of the Q1 2022 Financial Report we presented the description pertaining to ‘Net profit attributable to owners’ under the line ‘Net profit Attributable to non-controlling interests’ and vice-versa. In the amended Q1 2022 Financial Report we have corrected the clerical error by reversing the description to the correct lines.
  2. In the English version of the Q1 2022 Financial report, at page 23, Under the line “Condensed Consolidated Statement of Changes in Equity”: the figure representing the movement in ‘Translation reserves’ was presented in the ‘Revaluation reserves’ column and the figure representing the movement in ‘Revaluation reserves’ was presented in the ‘Fair value reserves’ column, also the ‘Total’ lines had to be updated. Practically both figures were erroneously shifted to the right, and in the process also the ‘Total’ lines were affected. In the amended Q1 2022 Financial Report we have corrected this clerical error.
    For more details, please see the amended Q1 2022 Financial Report by accessing the link below:
    https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

About Digi Communications NV
We are a European leader in geographically-focused telecommunication solutions, based on the number of revenues generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy and Portugal.

SOURCE: EuropaWire