(Reuters) BlackRock’s former head of European fundamental credit is preparing to launch his own hedge fund next year in what is likely to be one of the year’s biggest debuts, three sources with knowledge of the matter told Reuters. Michael Phelps, 43, oversaw $35 billion across a number of credit, leveraged finance and credit alternatives portfolios at BlackRock, the world’s biggest asset manager.
Ex-Blackrock Credit Chief Eyes 2019 Hedge Fund Launch:
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