In a somewhat turbulent landscape for hedge funds, former Deutsche Bank colleagues are making a bold move. Sutton and Mahler have announced the launch of Alinor Capital Management, a significant new player in the European hedge fund scene focusing on distressed debt.
The launch comes on the heels of an industry-wide shakeup that saw over 2,500 hedge funds close their doors and investors withdraw $2.7 billion from distressed funds.
The duo is launching Alinor Capital Management with the ambitious goal of replicating their previous successes with Zim Integrated Shipping Services Ltd., Celsa, and Lehman Brothers Holdings Inc. securities. They plan to start with a minimum of $500 million in assets, demonstrating confidence in their strategy despite the recent industry downturn.
This move follows in the footsteps of other successful firms like Ilex Capital Partners, which have managed to navigate this challenging investment environment effectively.
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