Magnum Preps For Two Fund Launches

Dec 22 2005 | 9:07pm ET

Magnum Fund Management is preparing to launch two funds on Jan. 1, the offshore MG Collateralized Debt Fund and the onshore Jericho All-Weather Opportunity Fund. According to David Friedland, president of Magnum U.S. Investments, the funds will invest in short-term notes backed by hard assets.

Initially, Magnum will market the funds to high-net-worth individuals, funds-of-funds and family offices, but as assets grow the firm aims to bring in institutional investors.


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