Wednesday, 24 August 2016
Last updated 6 hours ago
Apr 21 2010 | 7:49am ET
Alpstar Capital, a $2 billion European hedge fund manager, has launched its latest European-focused credit investment vehicle.
According to the firm, the Alper European Credit Fund is a more mainstream and diversified version of the company's original long-only loan fund, which was seeded in early 2008.
"We have decided to tightly focus our flagship product to better meet investor demand for a dedicated European credit fund,” said Bertrand Pinel, who became partner and CEO after joining the firm in January from Dresdner Kleinwort.
“Diversification of assets, good liquidity and a European focus were at the top of their list,” he said. “Our new fund not only answers that, but makes full use of our extensive credit knowledge in these markets.”
The new fund charges a 1.5% management fee and a 15% performance fee.
Alpstar Capital and its affiliates maintain offices in London, Geneva, and Madrid.