Friday, 21 October 2016
Last updated 52 min ago
Apr 22 2013 | 2:15pm ET
A top UBS credit trader is set to launch a hedge fund this summer.
Yassir Benjelloun-Touimi's Arcarde Capital Partners will offer its maiden fund in early July, Reuters reports. The vehicle is expected to debut with about US$150 million in initial assets.
Arcade will focus on the most liquid credits.
Benjelloun-Touimi was head of European credit flow trading at UBS; his former employer will serve as Arcade's prime broker. A former global head of portfolio management at UBS, Benjelloun-Touimi was head of credit arbitrage at Bank of America Merrill Lynch before joining the Swiss bank in 2009. He also formerly served as head of index trading at BNP Paribas.