Saturday, 28 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…