Sector Investment Managers Limited
- An energy-and resources focused investment management company.
- Offering investors allocation tools with exposure to the super-cycle driving energy and commodities.
- Authorized and regulated by the FCA.
- Advises two open-ended fund products :
- Advice and management of segregated accounts.
Sector Investment Managers (SIM) was established by Angelos Damaskos and the late Jim Slater, his father-in-law, early in 2004 based on their conviction that the world was entering into a super-cycle demand environment for oil and other commodities. The industrialization of China, India and other emerging economies would drive this supercycle for over 20 years and, as supply of commodities was short, prices would rise significantly. The objective was to create a management company that would advise high-performance, narrow-focus investment funds that could be used as asset allocation tools by any investor wishing to obtain exposure to the respective market sectors. For Jim’s biography please visit: www.jimslater.org.uk
The Junior Oils Trust was the first fund launched by SIM and it started investing on 11 October 2004. The Junior Energy Fund was launched on 29 August 2006, following the successful track record of the Junior Oils Trust, in the alternative investment field. In the aftermath of the catastrophic financial crisis of 2008, management and shareholders of SIM thought that gold offered an alternative store of value to potentially devaluing currencies and that it would attract the attention of the investment world. As a result, a new fund, Junior Mining, was designed and launched on 8 September 2009. This fund concentrated most of its investments in junior gold mining companies and it therefore changed its name to Junior Gold on 1st October 2010.
Controllers and Shareholders of Sector Investment Managers
Angelos Damaskos and Jim Slater’s estate are the largest controlling shareholders of SIM and have also invested a significant part of their wealth in the funds advised by SIM.
Mark Slater, Jim’s son, and his business partner Ralph Baber are the next largest controlling shareholders in SIM. Mark is considered to be one of the best performing fund managers in the UK, specializing in smaller growth companies following the formula devised by his father Jim known as the PEG ratio. Ralph Baber is an experienced risk manager placing his emphasis on risk control and associated systems. For further information on Mark and Ralph visit www.slaterinvestments.com
John Damaskos, Angelos’ brother, is a significant minority shareholder in SIM and is actively involved in ideas generation and due-diligence. His background and experience in commodities-investing as well as various project-financed fields make his involvement particularly valuable.
Ian Watson, an experienced investor in gold mining is also a significant minority shareholder in SIM. He has been the Chairman and Managing Director in the successful early-stage mining investment company Galahad Gold plc which he and Jim Slater established in 2002 to take advantage of the commodities boom. During the next four years, Galahad made profits averaging 66% per annum from its investments in gold, copper, molybdenum and uranium mining companies. Angelos Damaskos was involved with Galahad Gold plc as an executive from March 2004 to June 2006. For Ian’s biography and current interests please visit: www.ianwatson.biz
Two seeding investors hold the balance of minority interests in SIM shares and their contribution both in early capital as well as introductions in the industry have been invaluable in setting up and growing SIM to what it is today.