New York (Hedgeco.Net) – Jennifer Drake, a former Managing Director Goldman Sachs, has joined DW Investment Management. The $5bn company is the investment manager of the Brevan Howard Credit Value and the Brevan Howard Credit Catalysts Master Fund.
DWIM was founded by David Warren and partners as a 2009 spin-out from Brevan Howard, it is the Investment Manager for two Brevan Howard credit hedge funds: the Brevan Howard Credit Catalysts Fund and the Brevan Howard Credit Value Fund.
In addition to serving as Head of Business Development, Ms. Drake will join DWIM’s Executive Committee and Risk Committee. Ms. Drake brings with her nearly two decades of financial markets experience, the bulk of which has been focused in the hedge fund industry.
“Jen has a breadth and depth of experience in the credit markets, from trading the products herself for a prop desk to years of allocating capital to credit and other managers.” Founder of DWIM, David Warren, said, “I can’t think of anyone more qualified to communicate our strategies to investors and to be able to listen to clients and help us develop products that meet their ongoing needs from external managers. We are very excited to add Jen to our team.”
Prior to joining DWIM, Ms. Drake was a managing director at Goldman Sachs, where she focused on credit, event driven and relative value investments and was a member of the Liquid Markets Investment Committee for the $120bn Alternative Investments and Manager Selection group. Earlier in her career, Ms. Drake oversaw similar investments for Swiss asset manager GAM and was head analyst and portfolio manager for Nomura Securities’ proprietary convertible bond portfolios in New York. Ms. Drake started her career at Goldman Sachs in mergers and acquisitions. She holds a BA (Hons) in Physics from Williams College.
DW Investment Management, LP uses a multi-strategy approach to investing, focusing predominantly on credit instruments ranging from distressed and performing corporate credit to structured and asset-backed securities, with a focus on absolute return. The Brevan Howard Credit Catalysts Fund won the 2011 Credit Fund of the Year award from Absolute Return Magazine.