Shiprock Readies New Hedge Fund Led by Ex-Deutsche Bank Trader
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Shiprock Capital Management, which specializes in distressed debt and special situations trading, is preparing to launch a new hedge fund next year. London-based Shiprock has hired Deutsche Bank AG’s former head of emerging market debt Alex Williamson as part of the plan, according to a letter to investors seen by Bloomberg News. Williamson will help build out the firm’s debt trading capabilities, an area the new fund will seek to exploit, Shiprock wrote in the letter.