Funds
CVC Credit has priced Cordatus XXII, a Collateralised Loan Obligation (CLO) fund totalling EUR440 million and arranged by Deutsche Bank.
This is the sixth new CLO fund CVC Credit has priced globally this year and will take its total assets under management to EUR24 billion.
Cordatus XXII was significantly oversubscribed and raised from both new and long-standing existing investors. The fund priced at the tight end of the market, with the AAAs at 94bps, which is the tightest long dated CLO print seen in Europe in H2 2021. As with previous Cordatus CLOs, the fund is primarily comprised of
iCapital Network has added to its private investments offering with the launch of the AMG Pantheon Fund, LLC, BlackRock Private Investments Fund, Carlyle Tactical Private Credit Fund, and Hamilton Lane Private Assets Fund on its platform.
The expansion of iCapital’s fund offerings suitable for accredited investors and qualified clients enables financial advisors and their clients to access the return and diversification potential offered by private market investments with accessible investment minimums and simplified operations.
During the past 12 months, iCapital has prioritised expanding the selection of registered funds and other vehicles for accredited investors available on its flagship platform. These
AXA IM Alts, a global leader in alternative investments with cEUR163 billion of assets under management, has expanded its suite of Secured Finance solutions for pension fund clients, with the launch of a new Global Secured Assets (GSA) Strategy.
The new strategy invests through an open-ended vehicle across a wide range of assets in both public and private markets to provide clients with a diversified portfolio of global secured finance assets, delivering yield pick up over traditional credit, while focusing on capital preservation.
The strategy leverages the expertise of AXA IM Alts’ Real Assets and Structured Finance teams, to
Private market exchange ADDX has launched its first cryptocurrency product, with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM). The fund aims to provide accredited investors with a reliable option for crypto investing and has put in place institutional-grade safeguards in relation to the trade execution and custody of the fund’s underlying digital assets.
The TCM Digital Asset Fund takes a diversified approach to crypto investing. On top of core positions in bitcoin and ether, the fund invests in a set of seven other top-performing cryptocurrencies that are identified and reviewed regularly through a
Waystone has launched the Invenomic US Equity Long/Short UCITS Fund on the MontLake UCITS Platform ICAV. The fund launched with USD35 million in AUM with a strong pipeline to grow quickly to USD100 million.
The fund joins the Waystone Investment Solutions product suite at Waystone Fund Management.
The Invenomic US Equity Long/Short UCITS Fund, managed by Invenomic Capital Management LP, is a fundamentally driven diversified all cap US equity long/short strategy with a strong value bias.
Invenomic Capital Management LP was founded in 2015 by Ali Motamed. For over 17 years, Motamed has developed and managed what has become the
Brummer & Partners’ flagship multi-strategy hedge fund vehicle ended last month in marginally positive territory, as solid gains made by its systematic trend-following managers were set against hefty losses in its fixed income relative value exposures, which were hit by short-term interest rate surges in Sweden.
The Brummer Multi-Strategy (BMS) fund made a 0.2 per cent gain in its SEK and USD classes during October, but it remains down 0.3 per cent over the 10-month period since the start of January. The twice leveraged BMS 2xL version gained 0.3 per cent last month, but year-to-date it also is languishing in
Eagle Point Credit Management (Eagle Point), a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has held the final close of its Defensive Income Fund.
The fund had an original target size of USD250 million, was oversubscribed and closed at its hard cap of USD300 million.
“We saw very strong demand for our defensive income strategy, which we believe provides an attractive and uncorrelated source of yield,” says Thomas Majewski, Managing Partner of Eagle Point. “This niche investment strategy capitalises on Eagle Point’s highly differentiated approach to source, diligence and acquire
By Ashmita Chhabra – With the United Nation’s COP26 summit approaching, the need to do more to address climate change is once again in focus. As a key financial services hub in Asia, Singapore has an important role in the development and integration of sustainable finance practices into the real economy. The capital market’s ability to drive meaningful change by encouraging disclosure, stakeholder engagement and innovative green financing initiatives are all part of Singapore’s commitment.
By Armin P. Choksey – In the last few years, the world has witnessed significant progress in harmonising environmental, social, and governance (ESG) disclosure frameworks. The launch of new initiatives globally shows that both investors and stakeholders recognise the value of streamlining ESG disclosures and the importance of consolidating them.
Lazard Asset Management has unveiled a new long/short credit UCITS hedge fund which trades investment grade, crossover, and high-yield bonds in Europe and North America.
