Launches & Closures

Ex-GLG credit man Armleder lines up return at Northlight


Cyril Armleder and Charles-Henri Lorthioir, who worked together both at Goldman Sachs and more recently at GLG, are gearing up for the imminent launch of a new fund, according to investors.

Sources say the duo will be teaming up with ex-Lehman man Shahar Zer and other former Goldman colleagues to launch the Northlight European Fundamental Credit Fund in December.

The fund is expected to have a fundamental credit strategy focusing particularly on the European high yield sector.

Northlight is understood to be pioneering a number of innovative features that seek to better align the interests of the managers and investors,