Peter Bakker and Frits Lieuw-kie-song, both former high yield portfolio managers at SGS, are reuniting to establish a liquid credit strategy at Channel Capital Advisors.
Channel will provide risk oversight, operational support and initial capital for the new strategy.
“We are both delighted to be back together at an interesting time in the credit markets,” says Lieuw-kie-song. “There are numerous investment opportunities in mispriced debt, given the significant economic dislocation and event risk in the market. Catalysts often trigger subsequent price re-alignments, and we seek to capture that value through the entire credit cycle.”
“We feel Frits and Peter have the talent, focus and discipline to maximise this investment opportunity,” says Walter Gontarek, chief executive of Channel. “Their pedigree is a complement to our own credit expertise and their return profile has little correlation to traditional credit market indices.”