SC Lowy Reduces Asia Credit Staff in Private Credit Pivot
- Company will close a fund focused on public securities
- Company to launch new direct lending focused fund this year
Credit investor SC Lowy Financial HK Ltd. has laid off several staff members, according to the company’s chief executive officer, as the firm pivots away from trading public securities and toward private credit.
Hong Kong-based SC Lowy let go four people on its Asia Credit trading desk, CEO and Co-Global Portfolio Manager Michel Lowy told Bloomberg News on Monday. Only the head of Asia credit trading remains on the team, he added.