Monday, 27 April 2015
Last updated 5 hours ago
Apr 24 2010 | 1:52pm ET
Cayman Islands-based alternative asset management firm GHF Group has unveiled two new credit-focused hedge funds. The first fund takes advantage of deeply discounted securitizations of distressed instruments, while the second offering focuses on a short credit strategy and aims to provide larger returns in the short term.
According to the firm, the first offering “will provide steady, healthy returns over the medium term as economies around the globe slowly recover,” and the second fund will be more aggressive, and thus has a larger potential upside. “The revenue potential of this fund is formidable, but as this fund is influenced by week to week market fluctuations, investor representatives must give more attention to timing.”
So far investors have placed over $135 million in the two funds, which GHF said it added because its other credit backed funds are now oversubscribed.
The launch of the two credit-focused hedge funds follows closely on the heels of another fund launch by GHF Group. In February, the firm announced that it had created a fund that would benefit in the event of a downturn in the Chinese economy.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…