In the search for new job opportunities it pays to keep an eye on the new companies being launched by former senior investment bankers, traders and hedge fund professionals.
Over the last two months, these five firms have been given approval by the Financial Conduct Authority, which is tracked by corporate finance boutique IMAS. There’s no guarantee that they’re hiring right now, but they’re worth keeping an eye on.
Jonathan Fell, a director in Deutsche Bank’s equity research team covering tobacco and beverages, and Jamie Isenwater, an analyst on the food and beverages desk at the German bank, unveiled Ash Park Capital in March. While the FCA describes this as a hedge fund, it says that it’s a long-only investment management firm focused on consumer staples.
The new credit fund founded by Robert J. Dafforn, the 32-year-old former partner of Eton Park Capital Management, has been in the pipeline for some time – and supposedly has the backing of Blackstone Group – but has only just received FCA approval. So far, Glen Mifsud, former co-president of Capula Investment Management, as COO and Istvan Mozes, a trader, are the only other listed employees.
After 16 years as at Bahraini investment firm Investcorp, latterly as managing director, head of European corporate investments, Yves Alexandre left to launch his own London-based private equity firm, L-GAM Advisers. Former Bain Capital executives Jerome Bertrand, Ferdinando Grimaldi Quartieri and Felipe Merry Del Val have also joined as fellow partners. It’s also been hiring at the more junior end, again from Bain, with Anne-Claire Laine and Tommasomaria Paiar signing up as associates. The firm has the backing of the Princely Family of Liechtenstein, and will be focused on the SME space.
4. East Lodge Capital Partners
The hedge fund launched by ex-CQS portfolio manager Alistair Lumsden late last year has now received FCA approval. Lumsden ran CQS’s $2.3bn asset-backed securities fund (ABS) and is believe to be raising $250m for East Lodge Capital Partners, which is also focused on the asset class. Michael Payne, former a senior ABS portfolio manager at Norddeutsche Landesbank, has also joined along with Shawn Wells, who is chief operating officer.
5. Apartners Capital
As we revealed yesterday, Antonio Polverino, the super-star salesman who received an $11m guaranteed bonus from RBS shortly after its bailout, has launched his own hedge fund. So far, it’s just Polverino and Stephen Gargiulo, a former managing director and head of CEEMEA sales for RBS’s investment bank, but if it takes off there could be other opportunities.