Ex-BNP Paribas managing directors launch new hedge fund

eFinancial News – Gerardine Davies, the former head of UK investment management at BNP Paribas who left the firm after just nine months in November 2012, has re-emerged in the City, launching her own hedge fund alongside two other senior investment bankers.

Davies has launched PCM Partners LLP, which describes itself as a ‘low-risk diversified investment’ vehicle, along with Arjan Verbeek, who was head of flow asset backed security and covered bond structuring at BNP Paribas, and Hamish Peacocke, who was most recently a director in Credit Suisse’s structured bonds desk, but formerly worked for BNP’s securitisation desk.

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