Hedge Funds

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


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