Loan manager Avoca spreads its wings with moves into credit and convertibles

Thu May 24, 2012

Read more:



Fast-growing but low-profile €6 billion loan manager Avoca has embarked on a major drive to diversify its asset management platform with a series of high-level hires and additions to expand the business into the related areas of long/short credit funds, convertibles and structured credit



Alan Burke Clayton Perry
   
Simon Thorp Rachel Black
The acquisition last year by Avoca Capital of the well-established European credit hedge fund business run by former Ilex and Liontrust man Simon Thorp forms a key part of a wider strategy by the €6 billion European leveraged loan manager to diversify into related and complementary areas of investment opportunity across the credit and convertible markets.

Besides absorbing the long-standing long/short European credit operation that has been run by Thorp and his team since 2000 – with an unbroken track record of 10 positive years since 2002 – Dublin-based Avoca also hired last year an experienced team of convertible bond specialists that previously ran several billion dollars at Dutch pension fund giant APG.

In addition, the firm has kick-started a move into structured credit investing with the recent addition of former Credit Suisse European asset finance head Vaibhav Piplapure as head of...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are only available to active EuroHedge subscribers and trialists.

To continue reading please,
take a free trialsubscribe or log in to EuroHedge.

Subscribe

Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now