Launches & Closures People Moves

Star Credaris trader kicks off credit fund with Matrix

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Gennaro Pucci, the former head of trading at highly-rated credit specialist Credaris, has joined the hedge fund platform of London-based financial services group Matrix and is launching a significant new credit fund with initial commitments of some $150 million.

Pucci also ran the high-performing Credaris Credit Fund - previously known as the Credaris Correlation Fund - until April, and he was also responsible for trading for the firm's $900 million credit fund from 2007 to 2008.

His new fund is called Matrix-PVE Global Credit Fund. PVE Capital LLP is named after Pucci and two of his partners, Joe