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Article: Brennan launches debt hedge fund.
- Article from:
- Financial News
- Article date:
- October 8, 2001
CopyrightCOPYRIGHT 2001 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Niki Natarajan
Richard Brennan, a 25-year veteran of the debt and credit markets, has launched a European debt hedge fund. Brennan, who was head of European non-investment grade credit at Merrill Lynch, has formed Great Tower Capital Management with two other principals that give the firm 50 years in credit market experience collectively.
The London-based firm has launched the Lion Tower CDO I fund, a collateralised debt obligation fund, for its debut into the European credit arena. Brennan said this is the first product Great Tower is launching to capitalise on the European market.
Brennan left Merrill in 1998 to join Donaldson, Lufkin ...