We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 6 Apr 2014 04:10 PM

Font Size

- Aa +

Bahrain's Investcorp tie-up targets European distressed debt

Deal with Eyck Capital Management will target bonds, credit default swaps and equities

Bahrain's Investcorp tie-up targets European distressed debt

Bahrain-based investment company Investcorp is seeking exposure to distressed debt in Europe through a tie-up with Eyck Capital Management, a newly established investment manager founded by former hedge fund principal Khing Oei.

Investcorp will provide Eyck with capital as the new London-based firm invests in opportunities related to highly leveraged companies in Europe, using instruments including bonds, credit default swaps and equities, Investcorp said on Sunday.

It did not reveal how much money it was putting up, but noted in the past it had provided seed and acceleration capital to asset managers in amounts ranging from $50m to $100m.

Investcorp has over $11bn in client and proprietary assets under management. Eyck Capital was founded last year. Previously, Oei worked at Halcyon, a multi-strategy hedge fund.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.