Wednesday, 20 August 2014
Last updated 11 hours ago
Nov 29 2010 | 10:12am ET
Highbridge Capital Management's former relative value credit head is sticking with that strategy—but at his own hedge fund.
Faisal Syed has founded PAMLI Capital Management and is preparing to launch its maiden Global Credit Strategies Fund, HFMWeek reports. The new vehicle will employ a long/short relative value strategy focused on corporate debt, emerging markets sovereign debt and structured credit products.
New York-based PAMLI said in a capital introductions document that it would invest in liquid instruments and use little leverage.
Syed was co-manager of Highbridge's Fixed Income Opportunity Fund, running a $1.2 billion relative value portfolio. He joined the hedge fund from JPMorgan Chase, which acquired Highbridge between 2004 and last year. Syed is also a former member of Credit Suisse's proprietary loan trading group.
PAMLI will charge 1.75% for management and 15% for performance for investors who accept a one-year lockup. Those who want quarterly liquidity will pay the full fare of 20% for performance. There is a $1 million minimum investment requirement.
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