Goldman Alum Joins $1 Billion Fund in Tough Year for Vol Traders
- True Partner adds London-based Kavanagh as Europe clients grow
- Many volatility strategies head for loss in ‘difficult’ 2019
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A $1 billion hedge fund is looking to tap into demand for volatility as a defensive asset class in a region saddled with loss-making bonds.
True Partner Capital, with offices from Chicago to Hong Kong, hired Robert Kavanagh as its head of investment solutions in London, according to an emailed statement. The former executive director at Goldman Sachs Asset Management adds “a more local presence” in Europe where an increasing number of the firm’s clients are based, the memo said.