Former Singapore sovereign wealth fund portfolio manager, Reuben Abrams, is set to establish a hedge fund in London under the name Adira Investment Management. This new venture will focus on making both long and short wagers on corporate credit. Abrams, who boasts an extensive 17 years of experience at Singapore’s GIC, where he served as the lead credit portfolio manager in Europe, is slated to launch the hedge fund before the year concludes.
The timing of this new hedge fund launch appears to be auspicious. Credit funds specializing in global, European, and American bond trading have registered positive performances, averaging approximately 4.4% for the year up until the end of July. Furthermore, the wider hedge fund industry has witnessed a rise of 3.4% in the first half of the year 2023.
Adira Investment Management hopes to seize advantageous opportunities within the corporate credit market. As of now, Abrams has refrained from commenting on his upcoming venture. Interested stakeholders and industry experts eagerly await further updates.
The launch of Adira Investment Management is anticipated to transpire during the final quarter of this year. With Abrams at the helm, offering his wealth of knowledge and experience, the hedge fund will confidently navigate the competitive corporate credit market. Investors and market participants are eager to witness the potential returns this new endeavor may yield.
As developments unfold, Road Rug Cars will ensure prompt and in-depth coverage of Adira Investment Management’s progress and the impact it might have on the financial landscape. Stay tuned for further updates on this exciting venture.
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