Ferox Adds JPMorgan Convertibles Chief

Jun 5 2008 | 2:00am ET

JPMorgan Chase last week gained quite a bit when its acquisition of Bear Stearns closed. But it continues to lose high-profile executives to the hedge fund world.

This time, it is David Persaud, the managing director who led its convertible bonds business, flying the coop. Persaud is joining London-based Ferox Capital Management, which has just launched a new US$100 million convertibles hedge fund.

“Persaud will work closely with the banks to identify new investment opportunities for the Ferox funds in both public and privately-offered convertibles,” Ferox CEO Jack Inglis said.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...

 

From the current issue of