Kirkoswald to launch new emerging markets credit hedge fund
Greg Coffey’s Kirkoswald Asset Management is preparing to launch a new hedge fund focused on emerging markets credit, as strong investor demand for alternative strategies continues to support expansion among major managers, according to a report by Bloomberg.
Kirkoswald Asset Management, a London-based firm managing approximately $20 billion, is set to launch a new hedge fund specializing in emerging markets credit, according to Bloomberg. The report, based on unnamed sources familiar with the plans, reveals that the new fund will be spun out from one of Kirkoswald's existing funds. The fund, expected to commence trading the following year, will adopt a more directional strategy, concentrating on high-yield sovereign debt opportunities.
Those involved in the plans requested anonymity due to the lack of public announcement. The strategy will be overseen by a team led by former Emso Asset Management head, Giorgio Lombardo. However, Kirkoswald's CEO Greg Coffey, known for his expertise in macro and emerging markets investments, will not be involved in managing this new fund, as per the sources. Kirkoswald has declined to comment on the matter.
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