NewAlpha Asset Management, a Paris-based hedge fund incubator, has made a strategic investment in Quest Global Advisors, a Greenwich, Connecticut-based hedge fund manager.

Quest Global Advisors, which specialises in convertible arbitrage, is founded by James Doolin and Frank Campana.

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Doolin has experience spanning a decade in the securities industry as a trader as well as investing in global convertible securities.

Before setting up Quest, Doolin served in the role of a managing director of the convertible department at ING Barings and a trader at Lehman Brothers and Credit Suisse.

Campana previously co-managed the international convertible bond strategy at Forest Investment Management.

NewAlpha, established in 2003, is managed by Antoine Rolland and Philippe Paquet.

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