Saturday, 29 November 2014
Last updated 20 hours ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...