Hedge Funds

Prologue profits from unique fixed-income team approach


A rare mix of macro and relative-value analysis and trading led the firm to anticipate the crisis and trade successfully through it, at a time when many fixed-income funds faltered

From the moment they set up the London and US-based fixed income firm Prologue Capital in late 2005, co-founders David Lofthouse and Graham Walsh had a strong sense that the world would be dramatically different a couple of years down the road.

David Lofthouse

Although they could not have predicted exactly how right they would be, the firm's founders came to realise that trouble lay ahead