Sunday, 31 August 2014
Last updated 1 day ago
May 25 2012 | 3:23am ET
Credit hedge fund Chenavari Investment Managers is planning a major deployment of capital in the European property debt market.
The London-based firm has already allocated £100 million to the space, but it isn’t done there. Chenavari’s Andrew Haines told Property Investor Europe that the US$1.8 billion hedge fund plans to increase its investments property debt to £250 million by the end of the year.
“We can do the whole of continental Europe, but we have a big bias to Germany, the U.K. and, to a lesser extent, France,” Haines said. “Our history is very much U.K. and Germany, so those are the markets we’re focused on.”
Chenavari has already closed 16 deals in European property debt for its Real Estate Trading Fund.
“The things that distinguish us from other funds is we don’t necessarily need current pay so we can take opportunities where we roll up our interest for the exit and we can do deals where we take a profit share,” Haines said. “We’re looking at one at the moment for instance where we get paid some current interest, some roll-up and then we split the profit on the back end.”
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 ...