Monday, 30 November 2015
Last updated 2 days ago
Jun 24 2009 | 2:18am ET
Swedish banking group SEB is jumping back into the alternative investments business with both feet. Its fund management division plans to launch a new credit hedge fund in the fall, while reopening its listed private equity vehicle in August.
The new global credit hedge fund aims to take advantage of the volatility in the debt market, Reuters reports. The fund will take both long and short positions in investment grade and high-yield bonds, seeking mispricing opportunities, SEB global head of investment management Peter Branner told the news agency. It will employ leverage to boost returns, he said.
SEB is targeting institutional investors and private banking clients, it said.
Meanwhile, the firm has doubled its private equity team with a pair of hires, and plans to reopen its fund this summer. The p.e. fund will invest in infrastructure deals as well as picking up p.e. fund stakes on the secondary market.
“Forced sellers are a good starting point,” Branner told Reuters.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…