Friday, 29 August 2014
Last updated 13 hours ago
Feb 6 2012 | 3:06pm ET
CQS has launched a new mortgage-backed securities hedge fund with US$140 million in initial assets.
The CQS ABS Alpha Fund debuted this month, Bloomberg News reports. In addition to the initial assets, the fund has another US$60 million in commitments, but CQS told clients that "further inflows will be contingent on market opportunity."
The new fund will be run by Alistair Lumsden, who managed the firm's existing ABS Fund. That vehicle has managed a 29.3% annualized return since its inception in 2006; CQS restricted inflows into the $2 billion fund in May.
ABS Alpha will be a riskier play than the ABS fund, using more leverage, less hedging and building a more concentrated portfolio of less-liquid investments. Given those plans, the fund has a one-year lockup with early-withdrawal penalties. In addition, investors will only be able to pull a quarter of their money each quarter.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...