Wednesday, 20 August 2014
Last updated 1 hour 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.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note