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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR