Monday, 30 November 2015
Last updated 2 days ago
Mar 25 2011 | 11:53am ET
Thames River Capital has launched a new high-yield bond hedge fund.
The Global High Yield Bond Fund will invest in about 50 holdings, weighted towards developed markets but with a substantial chunk of the portfolio in emerging markets, the firm said. It will invest some 80% of assets in high-yield debt, with the remainder being placed in investment-grade bonds.
"Against a backdrop of a rebounding economies and record low interest rates, the high yield market is seeing a rapid decline in defaults and a strong pick-up in recovery rates," Stephen Drew, who manages the fund with Mehrdad Noorani, said. "We see substantial implied value in high-yield credit spreads and this underpins our belief that this is the ideal time to launch a fund with this remit."
The new fund is targeting 10% annualized returns. It is domiciled in Dublin with a £10,000 minimum investment.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…