LNG Capital, a credit hedge fund set up by Louis Gargour, the former head of fixed income at RAB Capital, wants to capitalise on a tough fundraising environment by luring start-up and smaller managers to its platform.

Gargour, who is managing partner at LNG, told Financial News: "The current fundraising environment is tough for start-up and smaller managers and we believe that many of them should consider joining the security of an established organisation rather than go it alone."