Saturday, 28 March 2015
Last updated 18 hours ago
Jul 23 2009 | 2:25am ET
Chicago-based Driehaus Capital Management has launched an absolute return mutual fund designed to take advantage of a broad range of opportunities in the credit markets.
Driehaus said the Driehaus Active Income Fund is unlike recent spate of “hedge-like” mutual funds in that it already boasts a three-year track record and has received a 5-star Morningstar rating. Assets in the fund currently exceed $800 million. The fund invests primarily in U.S. fixed income and floating rate securities, of both investment and non-investment-grade credit quality, by employing in a variety of short-term trading strategies.
According to K.C. Nelson, portfolio manager of the new fund, the fund pursues relative value and outright long and short investment opportunities across a variety of credit instruments and is looking to trump returns of long only core bond allocations, with equal or less volatility.
“The credit markets currently offer some extraordinary investment options,” he said. “However, this ‘cheapness’ exists in only certain segments of the market, and these segments are constantly changing. A static, long-only core approach with no hedging mechanism can fail to take advantage of these changes. This fund gives investors exposure to the credit markets in a relative value format, while hedging away virtually all of their interest rate risk.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…