Picus Capital: trail blazing in leveraged
When Bill Healey and Bob Hartmann set up Picus
Capital, they were venturing into unchartered territory in
Europe. But assets have nearly doubled since
As the first European hedge fund dedicated to the
fast-expanding leveraged finance space, the founders of Picus
Capital were keen to get going as quickly as possible.
Despite the long and complementary experience of the firm's
two partners - fund manager Bill Healey and investment
banker/trader Bob Hartmann - in the credit markets, there was
no relevant track record or past performance that could be
So the decision was made to take a seeding deal, rather than
spend months talking investors through a strategy with which
most would have been unfamiliar, and to which many would have
been unlikely to commit before a track record had been...