European Credit Management unveils special sits strategy
Fri Nov 26, 2010
Formed in February 1999 to take advantage of opportunities in the fast-growing European credit market, ECM has grown over the past 10 years to become a major player in the fixed-income markets
European Credit Management, the €11 billion London-based specialist fixed-income manager that is majority-owned by US bank Wells Fargo, is rolling out to external investors a new European credit special situations strategy run by two experienced managers in the space.
The launch of the fund to outside investors follows the hiring earlier this year by ECM of Milos Brajovic and Sohail Malik. The new European Special Situations Credit fund invests in what the firm describes as ‘readily-traded’ distressed, stressed and event-driven opportunities in European bond and loan markets.
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