Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…