Profile: Northlight

northlight-2009
(l to r) Cyril Armleder, Shahar Zer, Charles-Henri Lorthioir

The three credit market professionals behind Northlight European Fundamental Credit Fund tell Credit why the high yield market is poised for significant growth in the next five years.

April 2009 was hardly an opportune time to launch a new credit hedge fund. While depressed asset prices made credit cheap on a historical basis, investor caution meant it was hard securing the capital to start up new funds, while banks were reluctant to provide liquidity funds needed.

So around that time, Cyril Arm