Tue, Jun 30, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Former RBS manager launches euro high yield bond hedge fund

Monday, September 06, 2021

amb
Steven Behr
B. G., Opalesque Geneva:

Steven Behr, the former head of RBS's principal strategies team, has come out of an eight-year retirement during which he managed his own family office to launch a European high yield (HY) credit fund, a spokesperson told Opalesque. This is partly due to consistently outperforming the benchmark with average returns of about 12% p.a., before selling at the top of the market before the pandemic and returning 20% from May 2020 to year-end.

Behr has more than 25 years of experience working in the finance industry. He worked at RBS (Royal Bank of Scotland) from 2001 to 2008, initially on the structuring side, then moving to credit research achieving a number One European ranking. He was then asked to set up the bank's proprietary long/short credit trading business, which he ran with a gross AuM of $10bn. He also set up an ABS trading business at Tradition and ran the ABS trading business at Christopher Street Capital until 2012.

In March 2013, he launched Geneva Capital Partners LLP (GCP), an FCA-regulated asset manager specialising in managing bond portfolios based in London. His GCP Fixed Income Master Fund, a portfolio of European HY bonds, averaged over 1.1% gross returns per month from 2016 to 2020.

He then launched the European High Yield Investment Fund, a long/short portfolio of European high yield corporate bonds, for outside investors in April 2021. The fund has......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m