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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…