Hedge Funds

Sullivan’s Wiltshire targets ‘opportune moment’ in credit


Opportunities exist among good companies burdened by leverage and the fall-out from the global financial crisis

European credit market veteran John Sullivan’s Wiltshire Credit Opportunities Fund, which went live last October, was one of the noteworthy launches of 2010.

Sullivan, previously a founding partner of highly-regarded European credit specialists Cognis Capital and before that a leading member of RBS’s Special Investment Group will take the same approach at Wiltshire, running a European credit event driven fund focusing on performing, stressed and distressed sub-investment grade credit. He has teamed up with Sebastian Ashton, previously a trader running over £2 billion at M&G/Prudential, who shares his bottom-up, fundamental value based style, and the fund will take