Tuesday, 30 September 2014
Last updated 5 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...