Author: admin

July 31, 2025 – Limassol, Cyprus – Blackbeard Asset Management Ltd (“Blackbeard”) is pleased to announce the appointment of Demetris Constantinou as Head of Risk Management and Executive Director, effective July 31, 2025. His appointment has been formally approved by the Cyprus Securities and Exchange Commission (CySEC).

Demetris brings extensive experience in financial risk, governance, and regulatory compliance. Prior to joining Blackbeard, he held senior roles in both banking and asset management sectors, where he was responsible for designing and overseeing enterprise-wide risk frameworks tailored to complex investment strategies.

At Blackbeard, Demetris will be responsible for overseeing the firm’s risk management strategy across all funds and mandates, including the firm’s Luxembourg RAIF platform. He will play a key role in ensuring alignment between portfolio construction, operational oversight, and regulatory risk standards.

“Demetris brings a sharp risk mindset, a collaborative approach, and a deep understanding of the regulatory landscape in which we operate,” said Ruslan Patlavsky, Chief Investment Officer of Blackbeard. “His appointment marks another important step in building a robust institutional platform that is both entrepreneurial and risk aware.”

Demetris succeeds Christodoulos Kyrlappos, who has stepped down from his role as Executive Director. The firm thanks Christodoulos for his contributions during the early phase of Blackbeard’s development.

“I am excited to join Blackbeard at a time of growth and strategic momentum,” said Demetris Constantinou. “The firm’s approach to complexity-driven credit investing, combined with its cross-border platform and institutional discipline, offers a compelling foundation for risk-integrated value creation.”

Media Contact:

Media@blackbeard.eu

+35725371380

www.blackbeard.eu

June–July 2025 – Amsterdam, Monaco, Frankfurt – Blackbeard Asset Management continued its cross-border engagement efforts this summer with active participation in three major industry events: SuperReturn Emerging Markets (Amsterdam), IMPower FundForum (Monte Carlo), and the DACH Distressed & Special Situations Summit (Frankfurt).

These high-profile forums convened institutional allocators, asset managers, and financial thought leaders to explore pressing investment themes across emerging markets, private credit, restructuring, and special situations.

At SuperReturn Emerging Markets, discussions focused on key asset classes available to investors in the geography, local-currency market evolution, and the growing appeal of opportunistic credit in volatile geographies. With participants from global pension funds, family offices, and development finance institutions, the event underscored the continued appetite for credit strategies that offer both yield and downside protection.

IMPower FundForum, held in Monte Carlo, centred on portfolio resilience, allocator due diligence expectations, and evolving capital allocation frameworks. A key theme was the shift from benchmark-chasing to outcome-oriented mandates — a trend closely aligned with Blackbeard’s approach to credit investing in legally and structurally complex markets.

The DACH Distressed & Special Situations Summit in Frankfurt brought together European restructuring professionals, turnaround investors, and legal experts to discuss distressed cycles in the EU, recovery optimization, and enforcement risk. Roundtables covered jurisdictional fragmentation, debt-to-equity strategies, and the future of private capital solutions in distressed environments.

“We’re building Blackbeard to meet the moment — a platform tailored for institutional investors seeking returns in complexity,” said Ruslan Patlavsky, Chief Investment Officer of Blackbeard. “These conferences are vital in advancing that dialogue.”

“Across all three events, one message was clear: institutional appetite for uncorrelated, process-driven strategies is growing,” added Patlavsky. “We’re proud to contribute to that evolution with a product designed for rigor, flexibility, and outcome alignment.” “We’re proud to contribute to that evolution with a product designed for rigor, flexibility, and outcome alignment.”

Media Contact:

Media@blackbeard.eu

+35725371380

www.blackbeard.eu

June 5, 2025 – Nicosia, Cyprus – Ruslan Patlavsky, Founder and Chief Investment Officer of Blackbeard Asset Management, was a featured speaker at the CFA Society Cyprus Annual Forecasting Event, one of the country’s most prominent financial gatherings. Held at the Hilton Nicosia, the event convened leading finance professionals to explore macroeconomic developments and their investment implications across asset classes.

In a session titled “Navigating Complexity: EM Credit in a Fractured World”, Patlavsky addressed the investment consequences of rising geopolitical instability, the fragmentation of global alliances, and the implications of renewed U.S. isolationism. He examined how shifting reserve dynamics, de-dollarization efforts, and regulatory fragmentation are altering the credit investing landscape.

Drawing from historical case studies and Blackbeard’s investment framework, Patlavsky emphasized that volatility is not merely cyclical noise but a structural feature that creates mispricing, particularly in legally complex markets.

“We don’t view geopolitics as a background risk – we see it as the mechanism that shapes pricing anomalies and legal recovery outcomes,” said Ruslan Patlavsky. “As global alignments fracture and capital flows become more politicized, allocators must rethink how they define ‘risk-off’ and where true value resides.”

He further underscored the growing disconnect between traditional credit ratings and the enforceability of claims, stressing that downside modelling, recovery pathways, and process dynamics matter more than ever.

“In today’s market, a bond’s rating tells you less about risk than the structure of its covenants or the jurisdiction of its insolvency regime,” Patlavsky noted. “Our edge lies in unpacking that complexity.”

The session was supported by a proprietary presentation that included a macro-geopolitical overview, legal asymmetry mapping, and actionable case studies across sovereign and corporate distress.

Download Presentation https://blackbeard.eu/wp-content/uploads/2025/08/250604-Blackbeard-Geopolitics-CFA-Presentation.pdf

“We thank CFA Society Cyprus for the opportunity to contribute to such a thoughtful forum,” Patlavsky concluded. “At a time when volatility is being repriced and old frameworks are breaking down, forums like these are essential to navigate what comes next.”

—————–

Media Contact:

Media@blackbeard.eu

+35725371380

www.blackbeard.eu

May 15, 2025 – Limassol, Cyprus – Blackbeard Asset Management Ltd is proud to announce its participation as a Gold Sponsor at the upcoming CFA Forecasting Event 2025, one of Cyprus’s premier gatherings for investment professionals, economists, and financial leaders.

Organised by the CFA Society Cyprus, this annual flagship event brings together industry experts and policymakers to explore key macroeconomic themes and market forecasts shaping the year ahead. The event will be held in Nicosia and is expected to welcome a distinguished audience of finance professionals, thought leaders, and institutional investors.

“Supporting platforms that foster open dialogue and high-level insights aligns strongly with Blackbeard’s commitment to thought leadership and informed investing,” said Ruslan Patlavsky, Founder of Blackbeard Asset Management. “We are pleased to contribute to the conversation and engage with peers who are actively shaping the future of the investment industry.”

As a sponsor, Blackbeard underscores its continued dedication to strengthening the professional investment community in Cyprus and beyond. The firm’s value-driven, contrarian approach to investing across emerging and frontier markets is rooted in deep research, strong local networks, and disciplined risk management.

The CFA Forecasting Event 2025 will feature leading speakers from both the public and private sectors, including senior representatives from government, global asset managers, and market strategists.

Media Contact:

Media@blackbeard.eu

+35725371380

www.blackbeard.eu

April 23, 2025 – Luxembourg / Limassol – Blackbeard Asset Management Ltd (“Blackbeard”) is pleased to announce the successful launch of its Luxembourg-domiciled Reserved Alternative Investment Fund (RAIF), designed to provide well-informed and institutional investors with access to its two flagship strategies: the Blackbeard EM High Yield Bonds Fund and the Blackbeard EM Distressed Credit & Special Situations Fund.

The RAIF structure represents a cornerstone in Blackbeard’s international growth, enabling flexible and scalable capital deployment across complex credit opportunities in emerging markets and Europe. As a Luxembourg-domiciled product, the RAIF benefits from a robust legal framework, investor-friendly structuring, and cross-border distribution efficiencies.

“The RAIF launch marks a major step in our evolution as an institutional platform,” said Ruslan Patlavsky, Chief Investment Officer of Blackbeard. “It provides allocators with streamlined access to our core strategies through a best-in-class European vehicle built for transparency, governance, and operational scalability.”

Both sub-funds are structured as evergreen vehicles, allowing for ongoing subscriptions and redemptions in accordance with their respective liquidity provisions. The structure is built to support varying investor profiles, including those seeking tactical exposure to dislocated markets and those pursuing longer-term, special situations allocations.

The RAIF accommodates open-ended sub-funds and is designed to align with sophisticated investor requirements in terms of legal structuring, liquidity matching, and tax efficiency.

“We continue to see strong demand for credit strategies that can convert volatility and complexity into opportunity,” added Patlavsky. “Our RAIF platform enables us to meet that demand in a flexible, scalable manner that supports our long-term investor partnerships.”

April 29, 2024 – Limassol, Cyprus – Blackbeard Asset Management Ltd (“Blackbeard”) is pleased to announce that it has received an Alternative Investment Fund Manager (AIFM) authorization from the Cyprus Securities and Exchange Commission (the “CySEC”), under license number AIFM62/56/2013 dd. 29/04/2024.

This regulatory approval is a significant milestone in Blackbeard’s development as an emerging institutional asset manager and affirms its commitment to meeting the highest global standards in governance, risk management, and investor protection.

“We built Blackbeard with the long-term vision of creating a best-in-class platform for overlooked pockets of the global fixed income market which are able to offer an attractive and often asymmetric risk-reward profile,” said Ruslan Patlavsky, Founder and Chief Investment Officer of Blackbeard. “Receiving our AIFM license solidifies our ability to deliver these strategies with the transparency and rigor required by institutional partners and to continue decades of successful event-driven investments in global fixed income.”

The AIFM license enables Blackbeard to establish an institutional-grade fund infrastructure to support its future development and manage alternative investment funds and provide investment management services to professional investors across the EU under the AIFMD passporting regime.

Media Contact:

Media@blackbeard.eu

+35725371380

www.blackbeard.eu