Saturday, 1 November 2014
Last updated 17 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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