BFAM Partners, the Hong Kong-based hedge fund founded by Benjamin Fuchs, has re-hired Eugene Fung, the former Co-head of the Global Financing & Products group at Credit Suisse, to run its credit business, according to a report by Bloomberg.
Fung, who was previously Chairman of the Board of Credit Suisse (Hong Kong) Ltd and Credit Suisse Securities (Hong Kong) Ltd, joined the Swiss bank in 2022 after previously being a partner and senior portfolio manager at BFAM.
BFAM, which first set up shop in 2012, is best known for investing in high-yield property debt in China as well as distressed securities. The firm oversaw about $5bn at its peak and delivered gains in each of its first nine years of trading before registering losses of 11% in 2021 and 26% in 2022.
