Serone Capital Management
Serone Capital Management LLP is a leading European credit manager, focusing on structured credit markets. Serone is authorised by the UK Financial Conduct Authority and is a Registered Investment Adviser under the US Securities and Exchange Commission. We are wholly owned by our principals.
The Serone Key Opportunities Fund combines fundamental, technical and event driven approaches to exploit significant mispricing that exists in the structured credit markets. We aim to capture dislocations caused by various factors including but not limited to: liquidity, capital charges, regulations and situations with high barriers to entry from an analytical or execution standpoint. We are active in legacy, new issue, primary and secondary markets in order to find numerous attractive risk reward propositions and exits of fully valued positions. We start with a top down view on fundamental macroeconomic strength followed by disciplined bottom up security selection process incorporating rigorous initial entry and ongoing analysis. This is combined with a disciplined risk management framework to protect on the downside.
Neil Servis is the Founder and Chief Executive Officer of Serone Capital Management. He has over 24 years of experience in structured credit markets. Prior to founding Serone Capital, Neil was a Managing Director and Head of the European Structured Credit Agency group at Morgan Stanley based in London. There, he was responsible for deal sourcing, structuring and arranging a variety of credit instruments and asset backed securities. Neil was previously the European Head of CLO at Citigroup and a Director in the Structured Credit Derivatives group at JP Morgan Chase before that. He has structured and syndicated a variety of innovative transactions for market leading credit managers across corporate and asset-backed asset classes, in both cash and derivative format and has built up an extensive global sourcing and distribution network as a result. Neil holds a Masters in Finance from London Business School and a Bachelor of Engineering in Aeronautics and Astronautics from Southampton University.
Serj Walia is Chief Investment Officer of Serone Capital Management. He has managed the award winning Key Opportunities Fund since its inception in early 2012. Before this he built up a decade of buy-side experience at KBC Financial Products in London. As Senior Portfolio Manager he was responsible for CLO/CDO/ABS investments and trading, managing a multi-billion dollar portfolio that was one of the largest of its kind in Europe. Prior to KBCFP, he held senior positions in structured finance and credit derivatives at Standard & Poor’s and Credit Suisse Financial Products. He holds a Masters in Finance from London Business School and a Masters in Electrical Engineering from the University of Birmingham.
Adrian King is a Founding Partner, Chief Operating Officer and Chief Risk Officer of Serone Capital Management. He has over 24 years of experience in fixed income and alternatives investments. Prior to Serone Capital, Adrian also worked at Morgan Stanley, where he was an Executive Director and the Head of the Multi-Asset Class Group within the International Prime Brokerage unit based in London. There, he was responsible for managing and developing the fixed income and foreign exchange platform for hedge fund clients, managing firm client coverage for top tier managers and advising hedge fund clients on best practices used to support fixed income investing. Prior to that, Adrian was the Head of the Fixed Income Client Service Group at Morgan Stanley, which provided middle and back office functions for the fixed income client business in Europe. Adrian holds a Bachelor of Arts with Honours from Sheffield Hallam University and is a Chartered member of the Chartered Institute for Securities & Investment.