Tuesday, 2 September 2014
Last updated 3 days 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.
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 ...