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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...