15/02/2012 Author: Elana Margulies

GCA attracts $100m in fresh allocations  

Global Credit Advisers (GCA), a New York-based long/short high-yield and distressed credit manager, has attracted almost $100m in allocations from new and existing investors since its AuM surpassed $500m last June.

According to a source, the inflows came from a mix of global high-net-worth individuals and family offices, along with fund of hedge funds, banks, endowments and pensions.

GCA has also more than doubled its headcount to 13. This month alone it made two new hires: Alex de Bie as operations manager, from GoldenTree Asset Management; and Anatoly Nakum, most recently a managing director at UBS Securities.

Additionally, the firm added Barclays Capital as its second prime broker, in addition to JPMorgan.

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