Fund launches & closures

Former Millennium star Strubel goes solo with SphereInvest

by

Joe Strubel

Veteran Millennium Global High Yield manager Joseph Strubel has gone solo with his own Geneva-based firm called SphereInvest to run a range of funds and managed accounts across the global high-yield, distressed debt, emerging credit and private equity sectors.

The management of the Global High Yield fund formally transferred from London-based Millennium Global Investment to SphereInvest in December. As well as running comingled funds, the new firm also offers tailored versions of the long-running global credit strategy to institutional investors via managed accounts and other bespoke investment vehicles.

SphereInvest also manages a global