Launches & Closures Hedge Funds

Tandem preps credit fund helmed by former RBC prop desk pro Stu Lippman

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The fund will be the third one launched by former HSBC executive Joe Petri’s Tandem Global Markets.

 
  Tandem's headquarters are in the General Motors Building at 757 Fifth Avenue. (Photo: Bloomberg)
Tandem Global Markets, the New York firm launched in 2007 by former HSBC executive Joseph Petri, is preparing its third fund, a credit vehicle to be managed by Stu Lippman, a former senior portfolio manager on the proprietary trading desk of RBC Capital Markets.

The Tandem Securitized credit fund is expected to launch next month, according to marketing materials obtained by AR. The strategy will trade long-dated bonds in markets around the world—assets that have been beaten down