Financials firm Algebris bounces back from 2011 dip with big credit gains, assets rise

Mon Nov 26, 2012

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Davide Serra
Algebris Investments, the global financials sector credit and equity specialist led by former Morgan Stanley global banks analyst Davide Serra that is affiliated with Chris Hohn's TCI Fund Management group, has achieved a striking comeback this year after overcoming a series of setbacks in 2011 that might have sunk other firms.

The firm's flagship Algebris Financial CoCo fund, a global financial sector credit strategy investing in bank and insurance capital instruments, is flying this year - up by over 50% for the year to date.

And the group's assets under management are back above $1 billion, increasing by 20% since the departure at the end of last year...

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