Christofferson Robb Readies Liquid Bank Securities Fund

Dec 8 2010 | 3:32pm ET

Credit hedge fund shop Christofferson Robb & Co. is taking its strategy into more liquid waters, as well as across the pond.

The New York- and London-based firm is planning a more liquid version of its flagship strategy for launch in February, HFMWeek reports. In addition to restricting itself to senior asset-backed securities which feature secondary markets, the CRC Liquid Strategies Fund may also invest in the U.S., where its predecessor has remained firmly entrenched in Europe.

"The situation resembles 2002, when we launched the credit fund," CEO Richard Robb told HFMWeek. "The bank capital securities had proliferated for a period of time, have undergone stress and now present opportunities for an opportunistic investor."

Robb and fellow CRC namesake Johan Christofferson, along with managing director Brad Golding, will manage the new fund, set to launch with US$100 million in initial capital from family offices and pensions. It will have a US$500 million capacity and a US$1 million minimum investment with monthly liquidity on two months' notice.

The fund will charge 1% for management and 20% for performance.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.