Launches & Closures

Northlight's European Fundamental Credit Fund pioneers novel way to calculate NAVs


Cyril Armleder and Charles-Henri Lorthioir have clearly thought long and hard about the lessons of the market crisis in 2008 and how they should best respond.

Right to left: Cyril Armleder, Charles-Henri Lorthioir and Shahar Zer

The duo, who worked together at Goldman Sachs and then on the credit fund team at GLG, have now come back to the industry with a new fund of their own in partnership with former Lehman Brothers man Shahar Zer.

The new Northlight European Fundamental Credit Fund, launched at the beginning of December with initial assets of about $50