Thursday, 5 March 2015
Last updated 1 hour ago
Apr 23 2008 | 2:00am ET
Bahrain-based Investcorp is prepping a new fund of hedge funds designed to profit from a turnaround in the credit markets.
The firm has already lined up some heavy hitters as underlying managers for the Credit Opportunities Fund, including Paulson & Co., the New York hedge fund that posted triple-digit returns last year betting against the subprime mortgage market, and MKP Capital Management.
The firm’s $8 billion hedge fund unit, which, like Paulson, profited handsomely from the credit crisis last year, will seed the new offering with an unspecified amount of money, the Telegraph newspaper reports.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…