Phanos is a partner and director at Trafalgar Asset
Managers, a London-based high-yield and
distressed hedge fund. He joined in early 2001 from Deutsche
Bank, where he had been a senior sales/trader
in European high-yield and distressed debt, to set up
Trafalgar's Catalyst Fund. Last year, the firm launched its
Recovery Fund, which focuses on strategies including bond
reorganizations and liquidations.
What is Trafalgar's investment
Our approach is entirely event-driven. We research and
evaluate opportunities as they arise. Every day, numerous
companies are going through event situations, such as
bankruptcies or takeovers, and we examine the impact these will
have on the company's securities. For example, if Club Med's
equity is up 14% on a given day, on the back of a French broker
suggesting Accor may bid for the company, then we will
immediately research Club Med, the hotel sector, the...
This article was originally published in Alternative Investment News.