Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Joseph Oughourlian and Amber Capital’s New Purchase

Joseph Oughourlian is the co-founder, managing partner, and chief executive officer of Amber Capital Investment Management. Amber Capital is an event-driven hedge fund. Oughourlian headed the Equity Arbitrage Proprietary Trading Desk at Société Général between 1997 and 2001. Initially Amber Capital operated as the asset management arm of SG Corporate & Investment Banking. New York City-based Amber Capital was launched in 2005 as an independent entity. It serves corporations, partnerships, institutions and high-net worth individuals all over the world. Amber mostly invests in value stocks, mergers, spin-offs, and takeovers. About one third of its investments are in the U.S. and the rest is in Europe. In 2007, Amber managed $7 billion at its peak. Oughourlian and Michel Brogard, Amber’s other co-founder, has averaged 12% annually between 2001 and early 2009.

Joseph Oughourlian, Armenian trader, was born in Beirut, Lebanon. He was elected as the newest member to Central Board of Directors of the AGBU. AGBU is the largest nonprofit Armenian organization, established in 1906 and aims to preserve and promote the Armenian identity and heritage through educational, cultural and humanitarian programs. Previously Michel Borgard worked at Credit Suisse First Boston focusing on European equities.

Last month Amber Capital disclosed a 5.9% stake in Gran Tierra Energy (GTE). They paid around $7.5 per share on or around April 12th. At the end of 2010 Amber had 5.9 Million shares of GTE in its portfolio. This means they acquired an additional 9.4 Million shares as GTE fell below $8 per share.

Chuck Royce

Amber Capital is by far the largest shareholder in GTE. At the end of December George Soros had $14.5 Million in GTE. Chuck Royce’s Royce & Associates had $13 Million in GTE as well.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!