Castle Creek Adds London Office

Dec 2 2011 | 11:31am ET

Chicago-based Castle Creek Arbitrage has opened an office in London as it increases its focus on European debt opportunities.

The relative value shop, with US$800 million in assets under management, registered a subsidiary with the U.K. Financial Services Authority in October, Financial News reports. The new office will allow the firm to end the unpopular late shifts its Chicago investment staff endured in order to trade in Europe.

The nine-year-old firm has two FSA-approved staff at its new office, director Amir Abbas and compliance officer Tanveer Abbas. Castle Creek founder Allan Weine also has approved person status.

"Having Amir and Tanveer in London demonstrates our commitment to the European markets," Weine said. "We view the European markets as a place of growth for Castle Creek Arbitrage."

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