INTL Consilium Breaks US$500 Million Threshold.FORT LAUDERDALE, Fla. -- INTL INTL International INTL Internal INTL Installer Consilium, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a fund manager based in Fort Lauderdale, announced today that the firm's assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. have reached the $500 million mark. INTL Consilium launched their first investment vehicle in July 2004. It has since launched additional funds and serves as an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to several large institutional clients. "We are grateful for the continued support of our valuable clients in reaching this benchmark," said Jonathan Binder, Managing Director and one of the firm's two founders. "Our continued growth and success validates our belief in applying absolute return strategies to emerging market debt and equity instruments. Attractive returns can be obtained without the volatility typically associated with emerging markets." The firm's asset base has grown almost 200% since year-end 2005. Mr. Binder indicated that the new money came from the successful launch of a new offshore mutual fund Offshore Mutual Fund A mutual fund that is managed and housed in a foreign country, usually outside the U.S. Notes: Always be careful when investing your money in offshore accounts they may be more prone to scams because of relaxed regulations in many offshore countries. and continued strong demand from European and other offshore investors. |
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