Lighthouse Credit Opportunities Fund: Lighthouse Investment Partners

Winner: Best specialist fund of hedge funds over three years

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A background in life sciences and biotechnology does not seem at first an obvious background for a portfolio manager running a credit-focused fund of hedge funds.

Paul Schwarz, head of credit at Lighthouse and portfolio manager of the Lighthouse Credit Opportunities Fund, joined Lighthouse in 2001 from the investment bank Robertson Stephens where he advised clients in the biotechnology and medical technology industries.

With a hint of irony, Schwarz admits the experience was "probably more

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