Ironshield Capital (Ironshield), a London-based European credit hedge fund manager, has launched the Ironshield High Yield Alpha Fund, a UCITS compliant Fund which will actively manage a diversified portfolio of long and short corporate credit positions.
Overall net exposure is hedged with the fund targeting absolute returns in any market conditions. The fund offers daily liquidity to investors.
Florian Chapel has joined the Ironshield investment team to manage the Fund alongside David Nazar. Chapel brings a strong track record in long/short corporate credit and credit derivatives. He previously managed market neutral portfolios at Pamplona Capital and Palm Lane Capital, before which he worked at Chenavari. Nazar is Ironshield’s CIO and founder and one of the most experienced investors in European credit with 25 years’ experience since launching Ironshield in 2007 and previously running proprietary credit portfolios at Deutsche Bank and Bank of America.
Chapel and Nazar are based in London and will be supported in running the Fund by three senior credit analysts.
Since Ironshield Capital was founded 15 years ago, the firm’s liquid credit strategy has achieved a cumulative return of +329%, outperforming the S&P 500 Total Return Index by 59%.