The two top executives at state-backed BlueBay Asset Management have spun out a new lending business and plan to raise a fund of up to €300 million to launch early next year.
Former Anglo Irish Bank executive Pat Walsh and Ross Morrow, who headed up the massive €450 million BlueBay fund, will continue to provide services to the company while working on their own venture, Dunport Capital Management.
Dunport will seek to originate loans to...
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