Sunday, 30 August 2015
Last updated 1 day ago
Feb 17 2010 | 1:57am ET
After a rollercoaster two years, Philippe Jabre is celebrating his return to form with his closest… clients.
The former GLG Partners star trader flew in his best contacts for a party in Geneva two weeks ago, The Telegraph reports. The confab was a celebration of Jabre Capital’s turnaround from a brutal 2008.
That year, JabCap lost some 36%, leading to some US$1.5 billion in redemptions. But the firm’s flagship multi-strategy fund soared 85% last year, and the firm plans to hard-close it when its assets hit US$2.5 billion.
JabCap has also recently been tapped to manage a convertible bond fund for Swiss private bank Pictet & Cie.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…