Philippe Jabre (born 1960 in Beirut, Lebanon) is the founder and CIO of Jabre Capital Partners S.A, a Geneva-based Hedge fund. Jabre was a former managing director of GLG Partners, a UK based hedge fund.
He earned a Bachelor of Science from the American University of Beirut and an MBA from Columbia Business School in 1981,[1] where he is a member of the Board of Overseers. He trained at JPMorgan Chase & Co and then BNP Paribas the French bank where he specialized in convertible bond arbitrage. Jabre is best known for his expertise in convertibles, but he also runs strategies focused on equity volatility arbitrage, global equity long/short, event-driven arbitrage, and long-only equities.
After joining GLG in the 1990s and having a significant impact on the hedge fund's growth and success, Jabre left GLG during a 2 year investigation by the FSA. Individuals familiar with the firm say GLG came to view Mr. Jabre as someone who took unnecessary risks. Jabre was fined £750,000 for market abuse in 2006 for breaching FSA principles.
On October 11, 2006, it was announced that Phillippe Jabre was set to open a new hedge fund in Geneva, Switzerland, after his non-compete contract with GLG Partners expired. The fund opened in February 2007 and was one of the largest new launches in recent years, as many of Jabre's old clients, followed him to his new venture along with a significant number of new investors. The fund - JabCap Multi Strategy Fund - closed very shortly afterwards with about $4 billion under management. In January 2010, Jabre won two awards at the coveted EuroHedge Awards. One for his Global Convertible fund and the other, 'Fund of the Year' award, for Jabre's flagship multistrategy fund that returned 85% in 2009.