Värde Partners Announces New Chief Investment Officers

Oct 7 2016 | 12:56pm ET

Värde Partners, the $11 billion global alternative investment firm, announced the appointment of Ilfryn Carstairs and Jeremy Hedberg to the roles of joint chief investment officers along with current CIO George Hicks, who is also the firm’s CEO.

Carstairs and Hedberg, both Partners in the firm, will assume their new roles effective Jan. 1, 2017. On Jan. 1, 2018, Hedberg and Carstairs will remain Co-CIOs, and Hicks will focus solely on being the CEO of the global organization. Marcia Page will remain Executive Chair of the firm.

Hedberg joined Värde in 1997 and was named Partner in 2003, while Carstairs joined Värde in 2006 and was named Partner in 2011. They have been long-term members of Värde’s Investment Committee and most recently served as Global Co-Heads of Corporate and Traded Credit for the firm.

“Jeremy and Ilfryn have had distinctive and long careers with Värde Partners, and I’m excited for them to expand their roles as two of the firm’s leaders,” said George Hicks, current CEO and CIO of Värde Partners. Ilfryn is based in Europe and Jeremy in the United States.

“Marcia Page and George Hicks have built a strong, global platform for our investors. I’m excited and honored to have the opportunity to build upon the legacy of their success and to continue working closely with Jeremy through that process,” said Carstairs.

Värde Partners is an $8.5 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including stressed and distressed corporate credit, structured products, residential mortgages, real estate, specialty finance, transportation and infrastructure. Founded in 1993 by George G. Hicks, Marcia L. Page and Gregory S. McMillan, Värde Partners has more than 170 employees. The firm has offices in Minneapolis, London and Singapore.

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