Cyril Armleder and Charles-Henri Lorthioir have clearly
thought long and hard about the lessons of the market crisis in
2008 and how they should best respond.
Right to left: Cyril Armleder, Charles-Henri Lorthioir and
The duo, who worked together at Goldman Sachs and then on the
credit fund team at GLG, have now come back to the industry
with a new fund of their own in partnership with former Lehman
Brothers man Shahar Zer.
The new Northlight European Fundamental Credit Fund,
launched at the beginning of December with initial assets of
about $50 million, pioneers a number of innovative features
that seek to better align the interests of the managers and
Among other things, Northlight is pioneering a new
trademarked 'three-way NAV' process. What it calls the
3WayNAV is operated in partnership...