Hedge Fund Incubator NewAlpha Invests In PAMLI

Jun 1 2011 | 8:20am ET

Paris-based hedge fund incubator NewAlpha Asset Management has invested in New York’s PAMLI Capital Management, a credit specialist with AUM of $100 million.

PAMLI was founded by former Highbridge Capital portfolio manager Faisal Syed. Prior to Highbridge, Syed worked in proprietary trading groups at JPMorgan and Credit Suisse. His new fund implements actively managed relative value, long/short and directional strategies in credit-based asset classes, including corporate securities, emerging market sovereign debt, and structured credit products.

NewAlpha invested through its recently launched seeding investment vehicle, a closed-end fund dedicated to institutional investors seeking exposure to early stage managers.

Syed’s investment team includes Jung Cho, his former assistant portfolio manager at Highbridge Capital; Rick Palmon, previously a portfolio manager at Deutsche Bank’s fixed income proprietary trading group; and Jeremy Shor, formerly a managing director of Plainfield Asset Management’s Structured Product Investments Group. Thomas DeFrancesch, previously the director of accounting, finance, operations and valuations at Cerberus Capital Management, serves as the chief operating officer and chief financial officer

PAMLI marks NewAlpha’s 16th strategic partnership and brings its total investments in early stage managers to $650 million.

NewAlpha Asset Management is a subsidiary of OFI Asset Management which has more than €49 billion under management.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...