PSource Floats Structured Debt Hedge Fund

Aug 1 2007 | 12:07pm ET

U.K.-based PSource Capital Group is taking on the sinking credit market with a new offering. The firm this week raised £30 million (US$61 million) on the London Stock Exchange for its PSource Structured Debt Limited, a structured debt hedge fund. 

PSource Structured Debt will be managed by New York-based Laurus Capital Management and follows a similar strategy to the Laurus Master Fund, investing in secured loans made primarily to publicly-listed North American micro-cap growth companies, according to the firm. The fund is targeting annual returns of 10% to 15%. It is listed under the Financial Service Authority's Chapter 15 rules, which are more stringent than the FSA’s Chapter 14 rules that most alternative investment funds listed under.

“The best alternative products can offer far better risk/reward profiles than more traditional asset classes,” said Soondra Appavoo, managing director of PSource. “London’s mainstream investors are very aware of this but many have been prevented from taking up the associated opportunities due to standards of disclosure, regulation and insufficient liquidity. By identifying the best of these new opportunities and making them accessible to the market in listed company form, PSource Capital Group is broadening the universe of attractive investment opportunities available to the UK’s leading investors.”

PSource is a subsidiary of U.K.-based financials services concern Punter Southall Group.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.