Crimson Capital, Ex-PB Capital M.D. Launch Fixed-Income Hedge Fund

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...