London, March 27, 2024–(BUSINESS WIRE)–European credit specialist firm Albacore Capital Group (“Albacore”) appoints Davide Chiesa as head of research and Sheharyar Malik as director of the investment team I announced what I had done.
In his new role on the investment team, Davide will lead AlbaCore's growing research capabilities and help inform the firm's investment process. He will be responsible for incorporating sector-specific focus into the firm's fundamentally bottom-up approach to credit selection. Davide will lead a team of analysts that will support AlbaCore's services across private and opportunistic credit strategies, as well as CLOs and structured credits.
To strengthen the investment team's credit research capabilities, Sheharyar Malik will join Davide and will focus on fundamental analysis, relative value, and alpha generation.
David Allen said: “Strong investigative capabilities are essential to fulfilling our flexible mandate in a fast-moving market. The addition of David and Sheharyar expands our investigative capabilities and provides a broader range of capabilities. “It will enable us to conduct due diligence across European credit opportunities.” Managing Partner and Chief Investment Officer of AlbaCore. “These hires allow us to take advantage of attractive opportunities to meet the evolving needs of our clients and remain agile and selective across a variety of strategies.”
Davide joins AlbaCore with over 20 years of experience in European leveraged finance. He most recently served as Portfolio Manager and Head of European Credit Research at CQS. Previously, he was a senior analyst at Morgan Stanley, Bank of America Merrill Lynch, and Societe Generale.
Mr. Sheharyar previously served as Senior Vice President at PIMCO Europe and brings extensive credit research experience with a sector-specific focus to his role at Albacore, with an emphasis on high yield debt and leveraged loans. I'm keeping it alive. Prior to this, he worked alongside Davide at his CQS and served as his lead sector analyst for various industries.
“We are pleased to welcome Davide and Sheharyar to the team,” said Matthew Corey, president and chief operating officer of Albacore. It is contributing to the strengthening of executives.” “Strengthening the research capabilities of our talented investment team will enable us to expand our services and continue our philosophy of mindful growth.”
AlbaCore's growth trend continues as it expands its research capabilities and now employs 75 people across London and Dublin.
The company currently has approximately $9.6 billion in assets under management.1 invested over $25 billion2 Since our founding in 2016, through an approach based on building strong, long-term partnerships with our investors and trading partners,
About Albacore Capital Group
AlbaCore Capital Group is one of Europe's leading alternative credit specialists, investing in private capital solutions, opportunistic and decentralized credit, CLOs and structured products. Founded in 2016, AlbaCore is part of First Sentier Investors Group. AlbaCore's investment philosophy is focused on preserving capital and generating attractive risk-adjusted returns for investors throughout the cycle. AlbaCore manages assets under management of US$9.6 billion as of December 30, 2023, on behalf of global pension funds, sovereign wealth funds, consultants, insurance companies, family offices and endowments around the world.
For more information, please visit www.AlbaCoreCapitalGroup.com.
1 AUM is calculated as the sum of the net asset value, undrawn capital commitments, available debt financing and assets of all vehicles managed by AlbaCore.
2 Invested capital is the sum of all “purchase” transactions for all AlbaCore entitlements since inception and includes recycled capital and co-investments.
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