Fund manager of Tufton Oceanic Assets appoints CIO as Paulo Almeida steps down

investmentweek.co.uk:

Tufton is an investment manager focused on the shipping industry, with $1.1bn of assets under management across a number of funds, including Tufton Oceanic Assets, which holds £400m in assets, according to the Association of Investment Companies | Credit: iStock

Almeida joined the asset manager in 2009 as portfolio manager and has held the role of CIO since January 2020. The firm said today (14 November) that he intended to spend more time with his family and on part-time interests, including private investments and non-profit work.

Tirogalas has focused on the shipping and offshore industries for the last 15 years. Most recently, he worked for North American and European financial institutions and investment managers with their maritime investments in a consultancy capacity.

Tufton Oceanic Assets divests last containership

Prior to that, he served as managing director of maritime transportation firm TMS Cardiff Gas and was executive vice president at TMS Group, where he evaluated and oversaw investments and executed multiple capital raises.

Tufton is an investment manager focused on the shipping industry, with $1.1bn of assets under management across a number of funds, including SHIP, which holds £400m in assets, according to the Association of Investment Companies.

Andrew Hampson, CEO of Tufton IM, said: «It has been a great pleasure working with Paulo and he has played an integral role in transforming Tufton into the leading maritime fund manager that it is today.

»The Tufton team has a depth of experience across all sectors of our activity in London, Cyprus, Isle of Man and the US, and now supplemented with Nicolas. 

«The team will continue to provide professional commitment and support to SHIP's existing