Wiltshire, PCE Launch Distressed Corporate Credit Fund

Nov 16 2010 | 1:46pm ET

Wiltshire Capital and PCE have launched a new credit hedge fund, backed by a major Australian bank.

The Wiltshire Credit Opportunities Fund is targeting 15% annual returns. The fund is managed by Wiltshire founder John Sullivan, with PCE providing infrastructure, risk management, compliance, fundraising and regulatory support. PCE—which is registered with both U.S. and British regulators—will also serve as the appointed manager of the fund.

The fund will invest in mispriced and distressed high-yield European corporate debt.

"Debt markets have grown substantially in the last ten to 15 years and offer a wide selection of investment opportunities across the capital structure and in a broad range of industries and geographies," Sullivan told HedgeWeek. "At the same time the current economic climate and continuing fallout from the global financial crisis has created some compelling opportunities in these markets, making it an ideal time to launch a fund like Wiltshire Credit Opportunities Fund that specializes in these assets."

NabInvest, National Australia Bank's asset management arm, has seeded the new fund.

Merrill Lynch International is the new fund's prime broker and Quintillion is its administrator.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.