"Former GIC Bond Manager Launches Hedge Fund, BNP Paribas Expands into Wall Street Dealmaking"

Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is planning to launch a hedge fund called Adira Investment Management in London by the end of the year. The fund will focus on long and short bets on corporate credit. Credit funds trading bonds globally have been performing well, with an average positive performance of 4.4% for the year to the end of July.