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%.

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