We are pleased to announce that Richard Klein has joined ZIM as Managing Director responsible for Capital Raising & Investor Relations. He will sit on our Management and Investment Committees.
Richard spent almost all of his near 30-year investment banking career at Merrill Lynch in a number of senior capital markets international distribution roles before moving into the FinTech industry, where he was Head of Business Development for an asset management software business. He has extensive knowledge of the buy-side, bringing us an eclectic and durable network as well as a genuine passion to help grow our business.
2018 is an exciting time for the business as we aim to enhance the great platform we have developed over the last few years and seek to accelerate our growth. We are very pleased to have someone with the pedigree and track record of Richard joining us to deliver on our ambitious targets over the coming years.
We’re usually not one to boast, but we are proud to announce that the Z Special Opportunities SP – the Z Investment Management active fund – has reached the final round of nominations for three industry awards!
We are one of eight funds in ‘Long/Short Credit’ and one of six funds in ‘Newcomer Credit’ categories in the Alternative Credit Intelligence European Performance Awards held on 2nd November, and one of six funds shortlisted in the ‘Credit & Fixed Income’ category in the EuroHedge Emerging Fund Management Awards, being held on 9th November.
To qualify for nominations, all funds must have outperformed their relative median index during the time period under review. ‘The principle is to let the numbers do the talking.’
In case you missed it, EuroHedge published a profile of Z Investment Management and the ZSO fund in July – EuroHedge article
Article published by EuroHedge on 27 July 2017.
Former Barclays structured capital team racks up a robust track record with its strategy focusing on the regulatory changes that have impacted the market for bank capital financing since the 2008 global crisis
Since launching in July 2015, the Z Special Opportunities Fund – a financial sector-focused credit hedge fund managed by London-based Z Investment Partners – has notched up an increasingly strong track record with a novel investment strategy based around taking exposure to bank capital affected by the regulatory changes following the 2008 global financial crisis.
Specifically, the fund aims to tap into an investment universe of some €400 billion of subordinated paper, including debt and preferred stock, with the strategy focused primarily on building a leveraged portfolio of bank capital instruments through a range of relative value, soft event and trading strategies.
The continued regulatory upheaval brought about by the 2008 crash – particularly the Basel III capital ratios and liquidity requirements – has led to significant liability management activity among banks.
The far-reaching rule changes have impacted the types and amounts of capital that banks may hold, dramatically altering the make-up of their balance sheets. That has resulted in many opportunities for uncorrelated returns, and is very much the starting point and driving force behind the Z Special Opportunities Fund, according to Jonathan Zenios, founding partner and chairman of Z Investment Partners.
In 2016 – its first full year of trading – the fund posted a 6.83% return, while in 2017 the strategy has built on that performance, gaining 14.57% year-to-date – close to its 15% net-of-fees annual return target.
Download full article