Jabre Soirée Celebrates Return To Success

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.

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