Philippe Jabre’s Fund an Unusual Success Story
|October 16th, 2009||
|Philippe Jabre, founder of Jabre Capital Partners, has emerged as an unlikely success story after a precarious year of reassuring investors and fighting for the existence of his firm. According to the Times, Jabre Capital, once a $3.5 billion firm, now manages assets closer to $2 billion, but the firm has survived a tumultuous year and its outlook has begun to improve. |
His fund’s survival, however, is not the only reason Lebanese-born Mr. Jabre has become a figure of attention. Four years ago, when he was a partner at London-based GLG Partners, he was the focus of a Financial Services Authority investigation that alleged he had used insider information regarding a convertible bond issue to his advantage. He was found guilty of violating market conduct following a two year investigation, but was acquitted of knowingly committing market abuse.
For Detailed Investor Profiles on these Investors, click below: