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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…