Singapore Alts. Firm Adds Principal

Jul 2 2008 | 2:00am ET

Singapore-based investment firm 3 Degrees Asset Management has hired Michael Gilmore as a managing principal, responsible for overseeing the firm's daily operations. He will also sit on the investment committee and act as a portfolio manager of the ADF Special Opportunities fund, a private equity offering.

Gilmore was previously head of Indonesian research for UBS, having earlier held the same position at DBS Securities.

“He joins at a time when global default rates are rising and equity markets are hitting bear territory,” said Moe Ibrahim, founder. “As default rates rise, equity valuations will collapse, creating an opportunity to acquire world-class Asian companies at fire-sale valuations.”

The firm currently manages more than US$400 million in assets, including US$80 million in its flagship Asian Debt Fund.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...