Man Numeric hires two co-heads for new credit venture

Man Numeric has made two hires to head its new systemic quantitative credit vehicle.

The Boston-based firm said it had internally tapped Paul Kamenski and hired Robert Lam, formerly of Apollo Global Management.

Kamenski was previously a senior quantitative researcher in the Strategic Alpha Research Group at Man Numeric with a focus on fixed income and corporate bonds – a role he began in 2017. Lam formerly led quantitative research and data science for Apollo’s liquid opportunistic credit business – a role in which he concentrated on long high-yield credit and long-short credit.

Both were previously involved with researching systematic quantitative credit – a type of investing which is slowly emerging into the mainstream market, a source familiar with the matter said. Man Numeric’s new credit vehicle will focus on US high-yield corporate bonds in public fixed income markets, this person added.

Kamenski and Lam will be overseeing this new credit vehicle, its research and its strategies. The source added that Numeric has had greater access to the type of infrastructure needed for this type of credit investing since joining Man Group in 2014.

Man Numeric oversaw $34.7 billion in funds as of September. It also provided Man Group with infrastructure to investigate these alternative methods.

Man Group is a London-based investment management firm that currently manages over $114 billion in client capital across public and private markets through five different specialised investment businesses.