Saturday, 30 July 2016
Last updated 16 hours ago
Jul 17 2012 | 11:45am ET
Capula Investment Management plans to launch a European distressed assets hedge fund and has hired a former Bank of America trader to run it.
Steven Zander was named a senior portfolio manager at London-based Capula in June. He joins the hedge fund from Haymarket Financial, where he served as chief investment officer, and was formerly global co-head of loan and distressed debt trading at BofA.
Zander's fund will be Capula's first investing exclusively in European distressed debt, Bloomberg News reports. Capula, and a horde of other investment firms and hedge funds, have launched or are planning such funds to profit from Europe's sovereign debt crisis.