Founded in 1975, Ermitage has a reputation as one of Europe’s pioneering hedge fund investors.

Ermitage is owned by Nexar Capital Group, with combined assets under management of over $3bn and operations in Europe and America.

Since 2006, Ermitage has become increasingly focused on its solutions capability, providing a highly advanced customised portfolio service alongside a comprehensive range of intelligently designed multi-manager funds and single manager hedge funds.

Core to Ermitage’s service offering is its leading edge portfolio construction and risk management system - OPTICS - which helps to build portfolios that take into account multiple market scenarios, allowing for the fact that markets may change course, sometimes dramatically and unexpectedly.

Using this proprietary technology, Ermitage’s approach gives clients a greater level of control over their portfolio and assists them in meeting their specific requirements in terms of risk, return and other investment preferences.

In 2009 Ermitage was short listed in six categories by InvestHedge Magazine in their annual awards, including ‘Institutional Firm of the Year’ and ‘Best Group of the Year’. Also in 2009, Ermitage’s Global Wealth service received the Financial Times / Investors Chronicle and Private Asset Managers Awards for delivering superior risk-adjusted returns.