Tuesday, 30 September 2014
Last updated 1 hour ago
Jun 23 2008 | 9:30am ET
Yves Leysen, former head of fixed income in Europe for Bear Stearns, is joining London-based Pamplona Capital Management as a partner to help launch and manage the Pamplona Credit Opportunity Fund.
The multi-strategy credit opportunity fund will debut in September with US$250 million of committed capital. It will have an initial focus on corporate and asset-backed credits and a longer-term interest in the distressed debt market.
“These markets have seen huge dislocations and now present opportunities in both absolute and relative value terms,” said Leysen. “Pamplona was the logical home for this venture given their ability to raise US$250 million of term capital for our team, making this one of the largest hedge fund launches since the start of the credit crisis."
Leysen is bringing with him a team of ex-Bear traders including Sheil Aggarwal, who ran European CLO and mortgage trading, and Joseph Pigott, who co-headed Bear’s leveraged loan warehouse and proprietary trading activities in Europe.
Alex Knaster, CEO of Pamplona Capital Management said the liquidity crisis “has created real opportunities for those with a stable capital base and a top quality credit team.”
Pamplona was founded in March 2005 and manages US$4 billion in private equity, funds of hedge funds and single strategy hedge funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.