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. 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"
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 In 2018, Mr Jabre decided to draw a line under his hedge fund activities. 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.
Awards and industry recognition In 2013, Jabre Capital was one of Europe's top-performing hedge funds and won EuroHedge's Management Firm of the Year award. 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. Mr. Jabre also wrote the foreword of The Handbook of Convertible Bonds: Pricing, Strategies and Risk Management of Jan De Spiegeleer and Wim Schoutens
Brasserie Almaza In December 2021, Philippe Jabre acquired majority ownership of Brasserie Almaza, the
Lebanese beer brewery. 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. 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. == Philanthropy ==