Coherence Capital Partners hires for expansion

Coherence Capital Partners, a New York-based asset manager and advisory firm, has hired Philipp Levy as a member, partner and head of Business Development, and Edgar Benavides as a partner and head of Operations.

Levy has over 25 years’ experience working in the financial markets in New York, London and Zurich selling a variety of financial products, including hedge funds. He joins from Mudrick Capital Management LP where he was the head of marketing and investor relations.

Benavides joins from PricewaterhouseCoopers Capital Markets Advisory Practice. He has particular expertise in the Dodd-Frank legislation and its impact on the current and future state of OTC Derivatives and processes.

Sal Naro, CEO and CIO of Coherence said the hires will enable the firm to establish new client relationships and enhance existing ties. Coherence Capital Partners is focused on fixed income opportunities in North America and Europe.

Launched in February 2012 as a management buyout from Jefferson National’s core insurance unit, it currently has over $300m under management.

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