Tuesday, 22 July 2014
Last updated 5 hours ago
Feb 11 2009 | 2:38am ET
Aladdin Capital Holdings has launched a hedge fund designed to take advantage of higher interest rates being charged by the shrinking debtor-in-possession industry.
The Stamford, Conn.-based firm’s DIP fund will be run by Victor Russo, formerly of CIT Group, and Luke Gosselin, formerly of Goldman Sachs. The firm said the financial crisis has forced many traditional DIP lenders, notably General Electric, to reduce their lending or cut off the flow of funding entirely.
“This provides a tremendous opportunity to capture meaningful market share,” Neal Neilinger, Aladdin’s chief investment officer, said in a statement. “The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities.”
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…