Plutus Capital: flexibility helped to bounce
After a rocky start in the CB arbitrage space, Plutus
Capital switched to a value-driven approach to recover
Nabil Debs launched his own hedge fund with pretty much all
the credentials an investor looks for. Having worked very
successfully for a number of years as a lieutenant to Philippe
Jabre at GLG, he was exactly the type of 'second generation'
manager that hedge fund investors take seriously.
He also invested heavily to put in place a powerful and
credible team - featuring Colum McCoole from Morgan Stanley,
Kamal Fayad from Deutsche Bank and Jean-Pierre Comaty from
Lehman Brothers - plus an experienced COO, Fiona Stewart,
previously at Sofaer Capital.
However, Debs also launched his Plutus Capital fund
initially with a fairly conventional convertible arbitrage
strategy - just as the whole CB arb...