Channel Capital Launches High-Yield Catalyst Fund

Oct 23 2013 | 12:34pm ET

London-based Channel Capital Advisors has launched an event-driven high-yield fund targeting annual returns of 10% to 12%.

The fund seeks to identify “mispriced corporate debt where a catalyst will drive price realignment and profit realization” and will invest mainly in liquid bonds, equity and CDS.

The fund is managed by Peter Bakker, former high-yield portfolio manager at Lazard and SGS, and Frits Lieuw-kie-song, former high-yield portfolio manager at LKS and SGS. Channel will provide risk oversight, operational support and initial capital (the amount of which was not disclosed).

“We are both delighted to be back working together at an interesting time in the credit markets,” said Frits, in a statement, “and we are both very excited to bing our strategy to Channel given their track record in corporate credit and the stability of the management platform.”


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...