The former head of JPMorgan’s credit proprietary trading desk and a team of senior traders from the bank have set up a new London-based hedge fund to invest in the debt of troubled European and UK companies. Sothic Capital – named after a 1,461-year anomaly in the ancient Egyptian calendar – started trading in September under the direction of Gertjan Koomen and Didier Matineau. The hedge fund is one of a handful of successful new launches this year but has lured investors with a fee structure that will enable clients to restitute fees paid out to the fund’s partners in the event of poor performance.

This entry was posted by Paul Murphy on Wednesday, October 28th, 2009 at 4:08 and is filed under Hedge funds. Tagged with Sothic Capital. Edit this entry.