As a test case of just how difficult and demanding it has been for even an experienced hedge fund manager to get a new firm up and running in the past couple of years, Mark Benson and Conrad Santos's Ravenscourt Capital Partners long/short credit operation provides pretty powerful evidence.
Mark Benson
Benson, Ravenscourt's CIO and portfolio manager, has no shortage of experience or track record in the fixed-income and credit space in which his firm's flagship Ravenscourt Multi-Strategy Credit Fund operates - having spent the past 25 years as an investment banker and a portfolio manager specialising in fixed-income.
Formerly head of fixed-income at Lehman Brothers in Europe, and subsequently in charge of asset management and private equity at Lehman's European operation, he joined Michael Hintze's big CQS -operation in 2005 as chief investment officer of fixed-income, before leaving CQS two years later and launching Ravenscourt in 2008.
His...