Philippe Jabre
Philippe Jabre | |
|---|---|
| Born | 1960 (age 65–66) |
| Occupation | Hedge Fund Manager |
| Title | CEO, CIO of Jabre Capital Partners S.A |
| Children | 4 |
Philippe Jabre is the founder, CEO and CIO of Jabre Capital Partners S.A, a Geneva-based wealth and asset management firm and multi-family office,[1] and a former managing director of GLG Partners, a UK-based hedge fund.
Early life
Jabre, born in 1960 in Beirut, Lebanon, studied at college Notre-Dame de Jamhour. He graduated from Concordia University in 1980 with a bachelor's degree in economics[2][3] and earned an MBA from Columbia Business School in 1982,[4] where he is a member of the Board of Overseers. In 2023, he was awarded an honorary doctorate from Saint Joseph University in Beirut in recognition of his contributions to education and philanthropy.[5]
Career
Jabre started his career at JP Morgan and then worked at BAII Asset Management (a French consortium bank later taken over by BNP Paribas). In his 16 years there, he specialised in the budding market for convertible arbitrage, a strategy that involved buying a company's convertible bonds and selling short the company's stock.[4]
GLG Partners
Jabre joined GLG in 1997, two years after the firm had been founded. During his nine years at GLG, he managed as much as $7 billion.[6] Jabre left GLG after in 2006, during a 2-year investigation by the FSA. Jabre was fined £750,000, at the time the largest individual fine issued by the FSA after it had found that he had engaged in non-deliberate market abuse. in 2006 for breaching FSA principles. This was, at that time, the largest fine the FSA had issued against an individual. The FSA's Regulatory Decisions Committee concluded that the breach was not deliberate and that he did not violate the FSA's Principle 1 governing market integrity, choosing not to ban or suspend him.[7] In an interview with CNBC, Jabre asserted that “when he was fined in London for market abuse, the rules and regulations were "not as clear" as they are now"[8]
Jabre Capital Partners
On October 11, 2006, it was announced that Philippe 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 $5 billion under management[1] and Jabre Capital Partners having been one of the largest hedge funds in Switzerland at the time.[9]
In 2018, Mr Jabre decided to draw a line under his hedge fund activities.[10] He returned external capital in the funds as part of a restructuring of the firm, and decided to refocus on its historical wealth management activities. Since June 2020, Jabre Capital Partners has relaunched its asset management activities focused on the firm's core strategies.[1]
Jabre Capital Partners is an active member of the Association Suisse des Gérants de Fortune (ASG).[11]
Awards and industry recognition
In 2013, Jabre Capital was one of Europe's top-performing hedge funds[12] and won EuroHedge's Management Firm of the Year award.[13]
In March 2014, the firm won three awards at the HedgePo Investors Choice Awards: Fund of the Year, Global Equity Fund of the Year and Global Multi-strategy Fund of the Year.[14]
Mr. Jabre also wrote the foreword of The Handbook of Convertible Bonds: Pricing, Strategies and Risk Management of Jan De Spiegeleer and Wim Schoutens[15]
Brasserie Almaza
In December 2021, Philippe Jabre acquired majority ownership of Brasserie Almaza, the Lebanese beer brewery.[16] This brought the company back into family control almost 90 years after it was founded by the Jabre family in 1933 and was at risk of being closed. In 2022, Jabre reported that Almaza profits had reached 8 per cent of its sales but the difficult economic situation in Lebanon continued to limit the company.[6] Heineken Group, which had a majority stake in the company since 2003, remains a minority shareholder and continues to provide access to international brands and technical expertise.[17]
Philanthropy
In 2001, Philippe Jabre founded the Association Philippe Jabre (APJ), a Beirut-based non-profit organization recognized by the Lebanese Ministry of Interior.[18] The association focuses on improving access to education and healthcare for underprivileged communities in Lebanon. It has awareded over 2900 university scholarships and supported more than 8900 individual socio-medical cases.[18]
APJ operated independently but is based on the premises of Arcenciel, a Lebanese NGO it also supports.[18][19] The association has partnered with cultural and education initiatives in Lebanon, including supporting events like the Beirut Art Film Festival and the Home Works forum organized by Ashkal Alwan.[20][21]
Art Collection
Philippe Jabre owns a private art collection focused on Western representations of Lebanon from the 17th to the 20th centuries.[22] Curated by Gaby Daher since 1989, it includes over 3,000 works, such as Orientalist paintings, drawings, vintage travel posters, and early photographs.[22][23]
The collection is housed in a museum space in Beit Chabab, Lebanon, and features works by artists such as Gustav Bauernfeind, Antoine-Alphonse Montfort, David Hockney, and Andy Warhol.[22][23] Works have been exhibited at the Sursock Museum in Beirut on two occasions in 2016 and 2019.
Works from the collection have been shown in exhibitions such as A Tribute to Lebanon at the Beirut Art Fair (2019), and Impressions of Paradise (2025), which explored Lebanon's image in 20th-century travel and cinema posters.[24][25]
In 2018, Philippe and Zaza Jabre received the Montblanc de la Culture Arts Patronage Award in Beirut, recognising their long-term support for education, health, and the arts in Lebanon, including initiatives such as Ashkal Alwan, the Beirut Art Center, and the endowment of an Art History professorship at the American University of Beirut.[26]
Personal life
He is a skier. He is also married[27] with four children. Philippe is a trustee for the American University of Beirut.[2]
He is also the founder of the not-for-profit Association Philippe Jabre (APJ) based in Beirut, which provides financial aid to Lebanese people in need, including the distribution of university grants to students seeking to pursue higher education and post doctorates.[28] Between 2001 and 2021, the APJ granted university scholarships to 2,568 students, according to their website.[29]
His house above Beirut, a family property creatively renovated after suffering heavy damage during the Lebanese Civil War, was designed by architect Nabil Gholam.[30]
References
- ^ a b c "For Philippe Jabre, Almaza retains strong development potential". L'Orient-Le Jour. January 17, 2022. Retrieved December 9, 2022.
- ^ a b "AUB - BOT - Philippe Raymond Jabre". www.aub.edu.lb. Archived from the original on 2015-09-23.
- ^ "The new BDL Governor? Challenges await". BusinessNews.com.lb. Retrieved 2025-05-20.
- ^ a b "An unbeaten risk-taker". Financial Times. 2006-03-03. Retrieved 2014-07-05.
- ^ "USJ Awards Doctor Honoris Causa to 5 Distinguished Members of the USJ Community". www.usj.edu.lb. Retrieved 2025-05-20.
- ^ a b Jalabi, Raya; Agnew, Harriet (9 July 2023). "Philippe Jabre's taste for an unexpected second act". Financial Times. Financial Times. Archived from the original on 12 July 2023. Retrieved 12 November 2024.
- ^ "An unbeaten risk-taker". Financial Times. 3 March 2006.
- ^ Rules weren't clear when I was fined: Jabre
- ^ "New rules hit Switzerland's 'Finance Valley'". Financial Times. 16 April 2012.
- ^ "Philippe Jabre: "Les obligations ont fait 80% de la correction, mais les actions vont encore baisser"". Agefi.com (in French). Retrieved 2023-04-19.
- ^ "Archived copy". Archived from the original on 2025-12-12. Retrieved 2021-10-11.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ Clareville Top European Hedge Fund In 2013
- ^ "Philippe Jabre on Opportunities in Russia, Japan and China". 7 May 2014.
- ^ "HedgePo Investors Choice Hedge Fund Awards 2014 Winners Announced". Retrieved 6 July 2014.
- ^ The Handbook of Convertible Bonds: Pricing, Strategies and Risk Management. Wiley. 8 July 2011.
- ^ "Pour Philippe Jabre, Almaza garde un fort potentiel de développement". L'Orient-Le Jour. 2022-01-17. Retrieved 2023-04-19.
- ^ "Philippe Jabre acquires majority ownership of Brasserie Almaza, Lebanon's iconic beer brewery & brand". MTV. 10 January 2022. Retrieved 12 November 2024.
- ^ a b c "About APJ". APJ. Retrieved 2025-05-20.
- ^ "Association Philippe Jabre | arab.org". 2018-08-03. Retrieved 2025-05-20.
- ^ ""Stop War": Beirut Art Film Festival lance sa 10ᵉ édition contre vents et marées". Ici Beyrouth (in French). Retrieved 2025-05-20.
- ^ "Home Works 8 - Announcements". e-flux. Retrieved 2025-05-20.
- ^ a b c "La collection de Philippe Jabre à Beit Chabab". Ici Beyrouth (in French). Retrieved 2025-08-22.
- ^ a b "Philippe Jabre's orientalist collection finds a home". L'Orient Today. 2019-09-23. Retrieved 2025-08-22.
- ^ "Philippe Jabre has Built One of the Single Most Significant Collections of Orientalist Art in the World". Official Bespoke. Retrieved 2025-08-22.
- ^ "National News Agency - "Impressions of Paradise" Explores the Image of Twentieth-Century Lebanon Through Travel and Film Posters". National News Agency. Retrieved 2025-08-22.
- ^ Arabia, Harper's BAZAAR (2018-05-09). "Montblanc de la Culture Arts Patronage Award Celebrates Patrons in Lebanon". Harper's Bazaar Arabia. Retrieved 2025-11-26.
- ^ "Beirut Notes: Philippe Jabre: The Return of the Hedge Fund "Legend"".
- ^ "THE ASSOCIATION". APJ. Retrieved 11 October 2021.
- ^ "UNIVERSITY SCHOLARSHIPS". APJ. Retrieved 11 October 2021.
- ^ Brooke Anderson (22 January 2015). "Damaged by War, a Villa in Lebanon Gets a Transformation". The Wall Street Journal.
External links
Content Disclaimer
Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.
- The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
- There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
- It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
- Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
- Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.