Ex-BlueBay Da Fonseca Said to Join $2 Billion Glen Point Capital

Glen Point Capital, one of the largest hedge funds to open in Europe this year, has hired former BlueBay Asset Management LLP money manager Rodrigo Da Fonseca as head of credit strategies, according to a person with knowledge of the matter.

The London-based firm also hired Sean Shepley, Credit Suisse Group AG’s former head of global macro product strategy, as its head of research, the person said, asking not to be identified because the information is private.

A spokesman for Glen Point declined to comment. Da Fonseca declined to comment, while Shepley didn’t reply to an e-mail and calls seeking comment.

Glen Point, started by former BlueBay money managers Neil Phillips and Jonathan Fayman, raised almost $2 billion, people familiar with the matter said in May. The firm bets on macroeconomic trends, with a focus on emerging markets. It’s among a small group of hedge funds, including Rokos Capital Management and Key Square Group, that have attracted investors this year as many suffer outflows.

Da Fonseca was most recently a partner and emerging markets fixed-income money manager at BlueBay, the person said. He left the firm in June, according to records with the Financial Conduct Authority. Shepley left Credit Suisse after 24 years earlier this year, according to an internal memo obtained by Bloomberg News in March.

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