Tuesday, 28 April 2015
Last updated 11 hours ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…