Algebris Co-Founder Adds Emerging-Markets Partner

Jun 4 2014 | 9:52am ET

The hedge fund set up last year by Algebris Investments co-founder Eric Halet has a new emerging-markets manager.

Michel Sznajer joined London-based Silvaris Capital Management last month as a partner, according to a regulatory filing. His purview is emerging markets, with the exception of financial stocks, which are Halet’s responsibility.

Sznajer is Silvaris’ fifth partner. He joins the firm from Wellington Management Co., where he spent more than 10 years as an industrials analyst and portfolio manager.

Silvaris, founded in 2012 after Halet left Algebris, launched its maiden fund just over a year ago, returning 19.6% in its first 12 months. This year, the fund, which has US$40 million in assets, is up 3.1%.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…