Former BlueBay Execs Phillips and Fayman Launching New Macro Fund

Sep 3 2015 | 3:27pm ET

Neil Phillips and Jonathan Fayman, both previously fund managers for BlueBay Asset Management in London, are planning to launch a global macro hedge fund in early 2016, according to Reuters citing an unidentified source with direct knowledge of the matter.

The new fund will be housed at a new company named Glen Point Capital, also in London, according to U.K. regulatory filings. It will reportedly bet on macroeconomic developments much like the one the duo managed while at BlueBay, although potentially with more emerging market focus.

Former COMAC Capital CEO Hopewell Wood will also join the company, noted Reuters. 

BlueBay shut down its $1.4 billion macro hedge fund in November 2014 after Phillips and Fayman left. The firm posted 8% gains for 2014 through October and was wound down on a strong note, Phillips said at the time, having never suffered a down year. 

BlueBay was founded in 2001 and bought by Royal Bank of Canada in 2010. It managed more than $61.5.8 billion in fixed income and alternative-strategy products as of June 30, 2015. 


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