Saturday, 28 November 2015
Last updated 4 hours ago
Oct 28 2010 | 4:11am ET
Crimson Capital Trading has launched a fixed-income hedge fund.
The New York-based firm’s new offering invests in corporate debt, asset-backed bonds and government, Bloomberg News reports. The fund also features an inflation-linked portfolio.
“One of the things that distinguishes this fund from other fixed-income funds is the employment of derivatives, both as a hedging instrument and in terms of positioning, just taking outright views,” fund manager Michael Kraft told Bloomberg.
Kraft joined Crimson to manage the new fund, which launched on Oct. 1, from Mountain Lakes, N.J.-based consultancy Portfolio Solutions Group. He is also a former managing director at PB Capital Corp.
The fixed-income fund follows Crimson’s first offering, a consumer goods, financials, utilities and basic materials equity fund that launched two years ago.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…