Philippe Jabre is the founder and CIO of Jabre Capital Partners S.A, a Geneva-based Hedge fund. Jabre was a former managing director of GLG Partners

GLG Partners

GLG Partners, Inc. is an American global hedge fund sponsor that, as of 14th October 2010, is a wholly owned subsidiary of British alternative investment manager Man plc...

, a UK based hedge fund

Hedge fund

A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...

.

He earned a Bachelor of Science from the American University of Beirut

American University of Beirut

The American University of Beirut is a private, independent university in Beirut, Lebanon. It was founded as the Syrian Protestant College by American missionaries in 1866...

 and an MBA from Columbia Business School

Columbia Business School

Columbia Business School is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students...

 in 1981, where he is a member of the Board of Overseers. He trained at JPMorgan Chase & Co and then BNP Paribas

BNP Paribas

BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

 the French bank where he specialized in convertible bond arbitrage

Convertible arbitrage

Convertible arbitrage is a market-neutral investment strategy often employed by hedge funds. It involves the simultaneous purchase of convertible securities and the short sale of the same issuer's common stock....

. Jabre is best known for his expertise in convertibles, but he also runs strategies focused on equity volatility arbitrage

Volatility arbitrage

In finance, volatility arbitrage is a type of statistical arbitrage that is implemented by trading a delta neutral portfolio of an option and its underlier. The objective is to take advantage of differences between the implied volatility of the option, and a forecast of future realized volatility...

, global equity long/short, event-driven arbitrage, and long-only equities.

After joining GLG in the 1990s and having a significant impact on the hedge fund's growth and success, Jabre left GLG during a 2 year investigation by the FSA

Financial Services Authority

The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...

. Individuals familiar with the firm say GLG came to view Mr. Jabre as someone who took unnecessary risks. Jabre was fined £750,000 for market abuse in 2006 for breaching FSA principles.

New Fund

On October 11, 2006, it was announced that Phillippe Jabre was set to open a new hedge fund in Geneva, Switzerland, after his non-compete contract with GLG Partners expired. The fund opened in February 2007 and was one of the largest new launches in recent years, as many of Jabre's old clients, followed him to his new venture along with a significant number of new investors. The fund - JabCap Multi Strategy Fund - closed very shortly afterwards with about $4 billion under management.
In January 2010, Jabre won two awards at the coveted EuroHedge Awards. One for his Global Convertible fund and the other, 'Fund of the Year' award, for Jabre's flagship multistrategy fund that returned 85% in 2009.

Sources

• http://www.fsa.gov.uk/pages/Library/Communication/PR/2006/077.shtml
• http://beirutnotes.blogspot.com/2006/03/philippe-jabre-return-of-hedge-fund.html
• http://www.toomre.com/JabreNewFund
• http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=a.cK5w3GUwK4
• http://www.bloomberg.com/apps/news?pid=20601087&sid=aVeK6RWodq5M&refer=home
• http://news.bbc.co.uk/1/hi/business/8518400.stm