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Alternative Market Briefing

Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months

Thursday, August 27, 2015

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Nikos Kargadouris
Benedicte Gravrand, Opalesque Geneva:

A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe.

Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called Balliol Capital LLP in September 2014. Since then, the duo joined Numen Capital LLP, who acquired the human capital of Balliol, growing the firm’s headcount to 15.

Numen Capital LLP, based in London, was established in May 2008 by Filippo Lanza and Kushal Kumar as a credit-focused, absolute return investment manager. The firm runs $1.03bn in AuM (exceeding the $1bn mark this month) through two products: a popular UCITS fund ($740m, launched with $35m in October 2012) and a Cayman fund ($290m, launched in November 2008).

"The move was a natural fit for us as Vassilis and I have both worked with Filippo in the past as a team during our time at Lehman," Kargadouris told Opalesque. "We know the product and each other very well and have kept in contact since 2001. In effect, we are continuing in a similar capacity as before; Vassilis is a portfolio manager working closely with Filippo, and I am running our Investor Relations and Business Development efforts."

The firm employs four sub-strategies in both funds:

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