Blackrock chief's new London hedge fund keeps hiring

Tresidor Investment Management, the new London hedge fund set up by Michael Phelps the former head of European fundamental credit at Blackrock, has been hiring in London.

Phelps' fund, which was due to open sometime in the second quarter, already employs 15 people including 10 investment professionals, according to its own website. And it still seems to be hiring.

As of this month, Tresidor recruited Sebastian Kaufmann, a former director and research analyst for European Credit Strategies at Blackrock. Kaufmann is joining as a partner, according to his LinkedIn profile. Other partner-level hires include Niall Sheehan from Brigade Capital Management, Leopold Bian from SPX Capital (and formerly of Blackrock) and Peter Jurik, formerly of Blackrock.

Tresidor's aim is to become a $1.5bn fund investing across European high-yield bonds, leveraged loans, convertible bonds and sovereign debt. However, reports last year suggested it would only be between $300m and $750m at the time of launch.

In other words, Phelps likes to hire senior staff from his previous employer. He's more flexible, however, when it comes to hiring non-partners. - Nikhil Kohli joined as a trader in April from Oak Hill Advisors (and, previously, Goldman Sachs) and Fredrik Sundberg joined as an analyst from Houlihan Lokey.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)