Apr 28 2006 | 2:58pm ET
OBEX Parity Arbitrage Fund Limited has recently launched a new fund--the Government Arbitrage Diamond Fund--which will mirror the firm's existing fixed-income arbitrage fund, but will also employ greater leverage and a note facility.
"The main difference between the Government Arbitrage Enhanced Fund and the Government Arbitrage Diamond Fund is that Diamond has two-and-a-half times the leverage of Enhanced, but what is also pretty neat about Diamond is that it has a borrowing facility by way of a note issued by the shareholders to the fund," said Randall Katzenstein, president and ceo of OBEX Investments, the investment manager. He explained that investors in the Diamond Fund, which officially launched in January, only needed to put down 30% of their committed capital.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…