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Laxman Pai, Opalesque Asia: U.S-based alternative investment platform Forester Capital is to make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager.
According to a press release from the $1.3bn financial consultant in Greenwich, Connecticut, the fund is managed by Agata Dornan, who was most recently a portfolio manager at Soros Fund Management.
Dornan will employ a fundamental approach to investing in performing, stressed, and special situations across corporate and financial credit, it said.
"Dornan has over 20 years of experience investing in credit, both as an analyst and portfolio manager. Her deep experience investing across European credit allows her to identify and take advantage of mispriced opportunities across a broad universe of idiosyncratic event-driven ideas," said the release.
Trent Carmichael, founder and managing principal of Forester Capital said: "Dornan's experience investing across the credit stack, both long and short, makes this a terrific all-weather solution and a tremendous opportunity for investors. We believe that the dislocation in European credit markets is a strong tailwind for Agata and Chepstow Lane."
Before founding Chepstow Lane, Dornan spent eight years as an analyst and portfolio manager at Soros Fund Management where she helped build out the European credit business. In addition to Soros, she was a distressed credit analyst at both BlueMountain...................... To view our full article Click here
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