The Cynosure Group
Cynosure Partners

We invest in founder-led businesses to accelerate growth and help create lasting value.

Cynosure Capital Management

We serve as an outsourced chief investment officer on behalf of foundations, endowments, and others.

Cynosure Wealth Advisors

We help families, entrepreneurs, and senior executives navigate the challenges that come with substantial wealth.

Cynosure Strategies

We seek uncorrelated absolute returns in our quantitative hedge fund, within Cynosure Strategies.

Announcements

Cynosure Closes Opportunistic Investment: Anglo International Shipping

October 8th 2018

In August 2018, The Cynosure Group (“Cynosure”) closed on a minority investment into Anglo International Shipping (“Anglo”). Anglo is an UK-based owner and international operator of second-hand vessels focused on the dry bulk shipping market. Anglo was formed in 2017 in response to severe industry distress, attractive asset prices and scarcity of well capitalized dry bulk shipping companies. Anglo is led by CEO Steven Davies. Cynosure’s investment will allow the Company to increase its fleet size through additional ship acquisitions.

The Anglo investment allowed Cynosure to capitalize on an industry in its recovery phase. Given the industry stress experienced since the financial crisis, we believe vessels were acquired at an opportunistic point in the shipping lifecycle. The downturn in charter rates and ship values ended in 2016 and the sector has begun to show a recovery. Newbuild and second-hand ship prices have also begun to recover but are still well below long-term averages. Coming out of a period of distress, the industry has yet to develop a backlog of new ships to support current demand growth and scrapping. With limited new supply and growing demand, we anticipate a continued recovery in charter rates and shipping values to be positive for Anglo.

For additional information on Cynosure, or any of its investments, please contact David Hunter at 801-521-3100.

Note: Industry data sourced from Maxim Group Research (August 21, 2017) – A Rising Tide Lifts All Boats

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Cynosure
Salt Lake City
(801) 521-3100
111 S. Main Street, Suite 2350
Salt Lake City, UT 84111
New York City
(801) 521-3100
888 7th Ave, Suite 2306
New York, NY 10106
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The Cynosure Group, LLC is an SEC-registered investment adviser engaged in providing private investment advisory and wealth management services, as well as providing investment advice with regard to private equity and other alternative investments. Registration with the SEC does not imply a certain level of skill or training.  A detailed description of The Cynosure Group is available in its Form ADV Part 1, Part 2A firm brochure, and Form CRS, which may be found at www.adviserinfo.sec.gov. Cynosure Partners is a part of The Cynosure Group, LLC (herein collectively referred to as “Cynosure”).  This does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.  To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact Cynosure or consult with the professional advisor of their choosing.