Fund launches & closures

Ex-Halcyon PM Khing Oei preps Eyck European distressed launch

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Former Halcyon portfolio manager Khing Oei is targeting an early 2013 launch for his Eyck Capital Management firm, a significant new addition to the expanding universe of European distressed specialists at a time of fast-growing opportunities in the space and fast-rising interest among global investors.

The London-based firm, which is awaiting FSA authorisation and expects to start in the first quarter of next year, will look to benefit from the widespread dislocations in European credit markets by investing tactically across three main areas: European stressed debt, distressed debt and equity special situations.

The experienced team will focus on the liquid