Philippe Jabre, a well-known hedge fund manager, has taken an unexpected turn in his career by buying back his family business, Brasserie Almaza, a brewery established by his grandfather 90 years ago. Jabre, once a prominent figure in Europe’s hedge fund trading scene, is now the third-generation owner and manager of the brewery, Financial Times reports.
From Hedge Funds to Brewing
Jabre, who once managed as much as $7 billion at London-based hedge fund GLG Partners, moved to Switzerland after a run-in with the U.K. financial regulator in 2006. He set up his own hedge fund, Jabre Capital, and ran it for over a decade. However, after returning money to outside investors in 2018 due to heavy losses, Jabre found himself “bored to tears”.
Rescuing a Family Legacy
In 2021, Jabre learned that Heineken, the longtime backer of Almaza, was planning to sell its controlling stake due to Lebanon’s economic crisis. The brewery was at risk of shutting down, endangering nearly 200 jobs. Jabre stepped in and bought Heineken’s stake with his personal money, saving the brewery that has survived Lebanon’s many turbulent periods since 1933.
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