Alt. Asset Manager Readies Global ABS Fund

Aug 28 2007 | 1:09pm ET

CapitalFusion Alternative Investments is gearing up to launch an asset backed securities fund in the fourth quarter. According to the firm, the CapFusion Global ABS Opportunity Fund will take advantage of the current conditions in the capital markets as well as ongoing growth and development of global ABS opportunities. 

John Joshi, managing principal of CapFusion, said the fund will have enormous investment capacity given the size of the market. The fund, which is in the preliminary marketing stage, has an initial target size of about $200 million to $250 million.

CapFusion’s new offering is a capital appreciation vehicle that will invest in ABS and CDO assets affected by the illiquidity in the capital markets, as well as commercial real estate, whole-loans and structured assets in U.S. markets. The fund will also invest in opportunities in these asset classes in Europe and Asia as these markets develop.

CapitalFusion Alternative Investments is joint venture between CapitalFusion Partners and a large U.S. asset management company. The firm, which was founded last year by Joshi, Rich Gupta and Daniel Kim, has offices in Los Angeles and New Jersey, and is in the process of opening an office in Singapore.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…