Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

High yield credit managers re-unite and launch liquid credit strategy

Wednesday, October 31, 2012
Opalesque Industry Update - Peter Bakker, former high yield portfolio manager at Lazard and SGS, and Frits Lieuw-kie-song, former high yield portfolio manager at LKS and SGS, are now re-uniting to establish a liquid credit strategy at Channel Capital Advisors LLP.

The arrival of Peter and Frits marks an important new initiative for Channel which will provide risk oversight, operational support and initial capital for the new strategy, their press release says.

“We are both delighted to be back together at an interesting time in the credit markets.” said Frits. “There are numerous investment opportunities in mispriced debt, given the significant economic dislocation and event risk in the market. Catalysts often trigger subsequent price re-alignments, and we seek to capture that value through the entire credit cycle.”

Peter added “We are both very excited to bring our strategy to Channel given their track record in corporate credit and the stability of the management platform.”

“We feel Frits and Peter have the talent, focus and discipline to maximise this investment opportunity.” said Walter Gontarek, Chief Executive of Channel. “Their pedigree is a complement to our own credit expertise and their return profile has little correlation to traditional credit market indices.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass