23 Jan 2012
Avoca Capital Holdings (“Avoca”), a European credit investment manager, has appointed Rachel Black as head of capital raising for the credit hedge fund team based in the London office.
Black has over 15 years of sales experience working in major financial institutions. She joins Avoca from Concerto Asset Management where she was head of marketing and business development. Having started her career at JP Morgan, Black has also held positions at Deutsche Bank, where she headed the credit hedge fund sales desk.
In April 2011, Avoca broadened its capabilities beyond long-only funds to provide clients with a hedge fund offering in European credit. This appointment forms part of the team’s strategy to increase capital for its two long / short credit funds.
Black has over 15 years of sales experience working in major financial institutions. She joins Avoca from Concerto Asset Management where she was head of marketing and business development. Having started her career at JP Morgan, Black has also held positions at Deutsche Bank, where she headed the credit hedge fund sales desk.
In April 2011, Avoca broadened its capabilities beyond long-only funds to provide clients with a hedge fund offering in European credit. This appointment forms part of the team’s strategy to increase capital for its two long / short credit funds.
Simon Thorp, CIO Fixed Income, Avoca Capital, who leads bother funds, said: “There is a strong demand from institutional investors for a well managed absolute return product and we see significant opportunities to raise capital in the current credit markets. Avoca’s large existing credit infrastructure perfectly complements the skills and experience of our team and we are building on the successful momentum created since we launched earlier last year.
“We welcome a professional of Rachel’s calibre who will greatly assist our relations with the institutional market.”
