Gerardine Davies, former head of UK investment management at BNP Paribas, is planning to launch a new hedge fund firm along with two other senior investment bankers.
Known as PCM Partners, Davies along with Arjan Verbeek, former head of flow asset backed security and covered bond structuring at BNP Paribas, and Hamish Peacocke, formerly worked for BNP’s securitisation desk, are planning to launch the low-risk diversified investment vehicle, reported efinancialcareers.
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The launch of the new hedge fund comes as the team is capitalising on hedge fund’s new-found appetite to purchase discounted property loans from banks including asset-backed bonds.
PCM has been designed to invest in discounted property loans by employing a low-risk, diversified strategy, efinancialcareers reports.
Davies has joined BNP Paribas in February 2012. Prior to joining BNP Paribas, Davies served as co-head of retail property at Aegon Asset Management and was also responsible for a £4.2 billion open-ended property fund at Morley Fund Management.
Verbeek had worked at BNP Paribas for nearly seven years. Prior to this, he served as a director at Barclays Capital for over three years.
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