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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note