• Ex-Deutsche Bank's Shraga hires for real-estate, credit funds
  • Signal hedge fund co-founded by Amit Jain, Gad Caspy

Signal Capital Partners LLP, the investment firm founded by ex-Deutsche Bank AG structured finance chief Elad Shraga, hired Colman McCarthy and Fredrik Metze after raising 500 million euros ($528 million) for two hedge funds.

McCarthy is joining London-based Signal’s real-estate fund after helping manage property investments at Kennedy Wilson Europe Real Estate Plc, according to a statement from Signal. Metze, who was a managing director in distressed debt with Fortress Investment Group LLC in Europe, will work in the firm’s credit fund, Signal said.

Shraga, 45, set up the venture with fellow executives from Deutsche Bank including Amit Jain, who runs credit investments, and Gad Caspy, who heads real estate. Shraga has lured backing from investors amid the weakest third-quarter for hedge fund inflows in six years. The industry could see outflows in the fourth quarter, said investors and bankers who watch the ebb and flow of hedge fund assets.

Metze and McCarthy “have substantial expertise and experience investing in European real estate and credit and will accelerate the development of our established capabilities in these attractive asset classes,” Shraga said in the statement.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE