Saturday, 28 March 2015
Last updated 12 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…