Cardinal Asset Management Hires Commerzbank's Global Head Of Trading

Cardinal Asset Management (CAM), the ISIS partnered alternative asset investment firm, has appointed Phillip Wale to launch its multi strategy equity hedge fund. Wale was formerly global head of proprietary trading at Commerzbank and is a veteran of Goldman Sachs

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Cardinal Asset Management (CAM), the ISIS-partnered alternative asset investment firm, has appointed Phillip Wale to launch its multi-strategy equity hedge fund. Wale was formerly global head of proprietary trading at Commerzbank and is a veteran of Goldman Sachs where he was head of European equity trading. The fund, which is subject to regulatory approval, is expected to have an initial capacity of $500m.

Chris Peel and Paul Bolton are also joining CAM to lead the development of the company’s global fund of hedge fund business. They join from FIM Limited, where they acted as managing director, senior analyst and managing director, head of research respectively. During their time with FIM they managed and developed a $1.5 billion fund of hedge funds. Peel had specific responsibility for all allocations within the fixed income sector, including credit, relative value and macro strategies. Bolton, an eight year veteran of FIM, was responsible for overall risk management, manager selection, portfolio construction and optimisation.

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