K. Daniel Libby, a former senior portfolio manager at James Alpha Management LLC,
joined Greenwich, Connecticut-based alternative asset management company Tradex
Global Advisors LLC, he said in a telephone interview.
Libby, who started at Tradex as senior portfolio manager in September, will manage a
short-biased high yield fund that will start before year end, he said in a telephone interview.
Libby also plans to start a liquid mortgage hedge fund strategy in the first quarter of 2014
that will focus on mortgage basis and prepayment arbitrage, for which the firm is targeting
$50 million to $100 million, he said.
Before Tradex, from 2011 to 2013, Libby was a senior portfolio manager at James Alpha,
the family office for Dennis Nayben, the former chief executive officer of General Electric
Capital Corp., Libby said. Prior to that, he was a senior portfolio manager at Sands Brothers
Asset Management LLC from 2005 to 2011, where he managed the Vantage Point Partners
Mortgage Credit Fund and the Select Access fund of funds, he said. He was also a director
at BlackRock Inc. in its risk management services bureau from 2001 to 2003.
“There’s tremendous opportunity in high yield from the short side because the market is
late in the credit cycle due to all the liquidly the Fed has put into markets,’’ Libby said. “High
yield will be the first asset class that will show signs of cracks and distress. We have a
bearish view in fixed income in general – mortgage basis trading and prepayment arbitrage
trading are well positioned to take advantage of the bearish backdrop in the markets.’’
Tradex Global Advisory Services, LLC
investorrelations@thetradexgroup.com
203-863-1500
@Tradex_Global
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