Saturday, 25 April 2015
Last updated 1 day ago
Oct 23 2007 | 10:06am ET
FRM Credit Alpha, a Guernsey-domiciled credit fund of hedge funds traded on the London Stock Exchange, is looking to raise additional capital following its strong performance since launch on April 1.
The fund's portfolio comprises between 12 to 20 credit hedge funds, which utilize fundamental research, asset allocation, security selection and activist strategies. It has returned 8.9% through the end of September, compared to an increase of 0.86% for the Merrill Lynch US High Yield Master II Index (GBP) for the same period.
The fund has a minimum investment requirement of £50,000 for new Sterling shares, €75,000 for Euro shares, or US$100,000 for Dollar shares. It charges a management fee of 1% for the sterling share class and 1.5% for the dollar and euro classes, and a performance fee of 10%.
FRM Credit is managed by FRM Investment Management Limited, a part of the FRM Group which was founded in 1991 and has over US $13 billion in funds of hedge funds assets under management.
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…