Thursday, 26 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…