Harbourmaster Capital Management announced its new business venture that will provide advice and asset management services to institutional clients, and will be solely focused on portfolios of ABS.

The new business will be led by Mirja Wenski, the former managing director of ZAIS Group Investment Advisors.

“We are excited by the huge potential that we see for this partnership,” said Alan Kerr and Mark Moffat, co-heads of Harbourmaster. “Wenski brings a great depth of experience of the global ABS markets and has a superb track record in buyside portfolio management. Wenski’s skills and knowledge will be extremely complementary to Harbourmaster’s considerable corporate credit expertise.”

Harbourmaster is one of the largest managers of leveraged loans in Europe, having executed 15 closed end funds(of which two have been successfully redeemed by investors during 2006 and 2007) and 1 ABS fund (which was successfully redeemed by investors in 2005). Harbourmaster currently manages 13 closed end funds.

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