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."


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...