Launches & Closures

MCapital on course as Harbour falls


Mark Devonshire is still on course to launch his big new mCapital credit and distressed investment operation in Europe and Asia despite the recent collapse of Harbour Capital, the London-based hedge fund operational platform that Devonshire had been planning to use as the third-party infrastructure provider for his fund.

Instead, mCapital has applied for a regulatory licence in Hong Kong from the Securities and Futures Commission and is now planning to launch its mCapital European and Asian Special Situations Fund at the end of June.

Devonshire, a well-known trader and money manager in the credit and distressed space in Europe