Monday, 28 July 2014
Last updated 10 hours ago
May 12 2008 | 11:20am ET
New York-based hedge fund Laurus-Valens has launched a yen-denominated investment vehicle, Valens Yen Fund, to provide Japanese investors with access to U.S.-based investments.
“Our investment strategy has been very well received amongst investors in Japan," said Dennis Pollack, partner and senior managing director. “Our yen-denominated fund provides our Japanese investors with access to investments in U.S. micro-cap and late-stage private companies and makes their investments more stable for them, as they won't be susceptible to the value of the dollar sinking or spiking at any time.”
Laurus-Valens combine debt and equity to make investments in collateralized securities and other securities issued by a diverse base of companies. An equity feature attached to each investment gives the investment potential for upside if a company's stock price rises. Otherwise, the funds receive a cash coupon on debt and are generally repaid within 12 to 36 months.
Laurus-Valens currently manages a variety of onshore an offshore funds and is the investment manager for PSource Structured Debt, a closed-end fund that trades on the London Stock Exchange. All told, the firm has approximately $1.6 billion in assets under management.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…