Lumsden's East Lodge Adds Citi ABS Trader

Feb 25 2014 | 10:03am ET

The new hedge fund set up by CQS' former top asset-backed securities trader has hired a Citigroup veteran.

Richard Skeet was named a portfolio manager at East Lodge Capital Partners, Bloomberg News reports. The London-based firm, founded late last year by Alistair Lumsden, aims to hire up to 14 people and hopes to raise US$250 million for its maiden fund, expected to debut later this year.

Skeet worked at Citi for a decade, trading asset-based securities. East Lodge will focus on corporate credit, direct lending and structured finance.

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