F&C Snags London & Capital Fixed Income Team, Readies New Fund

Feb 12 2007 | 2:49pm ET

U.K.-based F&C Asset Management has recruited of a team of fixed income hedge fund specialists from London & Capital and is launching a global diversified fixed income hedge fund, the F&C Tourmaline Fund, within the first quarter.

The lead manager on the F&C Tourmaline Fund will be Sanjay Joshi, who headed up the London & Capital Fixed Income team between 2004-2007 and started up the firm’s fixed income hedge fund business. Other members of the team joining from London & Capital are senior fund managers Rabbani Wahhab, Mario Nicolaou and analyst Shilen Shah.

"This is an important development for F&C Alternative Investments and a mark of F&C's ambition to grow our hedge fund presence,” stated Fernando Ribeiro, head of investments at F&C. “We will continue to actively look for further opportunities to attract the right talent as a prerequisite of launching additional hedge funds."

F&C Asset Management was created in October 2004 from the merger of F&C Holdings and ISIS Asset Management. The London Stock Exchange-listed firm was managing £104 billion (US$ 202 billion) as of the end of 2006.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...