Wednesday, 25 May 2016
Last updated 1 min ago
Sep 14 2011 | 12:02pm ET
For the second time in little more than a year, Iftikhar Ali is on the move.
The former Bank of America trader has joined credit hedge fund Observatory Capital Management. He will focus on emerging markets for the Brummer & Partners-backed firm's Credit Markets Fund, Financial News reports.
Before starting at London-based Observatory on Monday, Ali was a fixed-income portfolio manager at Millennium Capital Partners. He spent just over a year at that firm, having joined it in May of last year after leaving James Caird Asset Management. Like his tenure at Millennium, Ali's stay at James Caird was a short one—he left after just 10 months, reportedly over a compensation dispute.
Observatory manages more than US$900 million, including on behalf of Brummer, which added the firm to its platform early last year.