Hedge Funds

ECM’s Malik relishes turmoil with opportunistic special sits strategy

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Wells Fargo-owned specialist fixed-income asset manager European Credit Management is stepping up the capital-raising drive for its European special situations hedge fund strategy at a time of escalating drama, volatility and opportunity across the entire crisis-stricken European investment spectrum

Stephen Zinser
Sohail Malik
Even the principals at European Credit Management, the $9.5 billion London-based fixed-income and credit specialist owned by US bank Wells Fargo, can scarcely have foreseen the extent to which the investing landscape would evolve and expand when they first decided to launch an opportunistic event-driven special situations hedge fund focusing on Europe.

The fund had its origins in the market meltdown and subsequent bounce-back of 2008 and 2009, which prompted ECM (one of the first, and still one of the largest, specialists in European credit asset management –