Nazar opens flagship for $200m and aims for $250m in new
private equity-style fund
The reopening of its flagship hedge fund and the launch of a
new private equity-style vehicle are the latest steps in the
development of European distressed and special situations
manager Ironshield Capital into a major institutional player in
the space at a time of high demand among investors for access
to specialist distressed strategies.
Ironshield, which was set up in April 2007 and launched its
hedge fund in August of that year, is led by David Nazar - the
former head of distressed prop trading at Bank of America, who
also previously worked at Goldman and Deutsche, and who had a
track record of generating very high returns with low
volatility over several years.
The firm was set up with backing from strategic partner
SkyBridge Capital, the hedge fund seeding operation for Michael