Wednesday, 30 July 2014
Last updated 11 hours ago
Apr 4 2007 | 10:21am ET
New York-based SkyBridge Capital will invest in Ironshield Capital Management, a new London-based hedge fund founded by former Bank of America principal David Nazar.
Ironshield, a stressed and distressed debt shop, is expected to launch later this year, according to Don Rogers, a partner SkyBridge, who declined to give a specific timeline.
Before forming his own firm, Nazar headed BofA’s stressed and distressed debt prop trading desk.
In addition to its investment, the size of which was not disclosed, SkyBridge will provide the nascent fund with a team to build up its operations.
Rogers said that Skybridge takes an opportunistic approach to investing in emerging managers.
“People frequently come to us with ideas about talented people who are starting their own firms so we’re really opportunistic and not focused on filling a particular strategy,” he said. “It comes down to finding the right people and pursuing the right opportunity.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…