Thu, May 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Värde Partners Closes $2bn Fund

Thursday, June 19, 2014

Bailey McCann, Opalesque New York:

Global alternative investment firm Värde Partners has closed its most recent fund -Värde Fund XI on $2bn. Värde manages $8.5bn in assets across credit-oriented products, including stressed and distressed corporate credit, structured products, residential mortgages, real estate, specialty finance, transportation and infrastructure.

The fund will be focused on seeking distressed and credit-oriented opportunities worldwide. The fund’s main areas of focus include U.S. corporates, European corporates, European sovereigns and financials, structured products, U.S. real estate, U.S. specialty finance, European specialty finance and global transportation.

As Opalesque has previously reported, credit strategies continue to hold favor with both managers and investors – especially those considering the range of distressed opportunities in the EU. As the EU continues to work through its banking union and banking recapitalization plans, managers in the space expect the opportunity for distressed and other credit strategies to hold for another 2-5 years.

Marc Lasry’s avenue capital is believed to be considering a distressed energy companies fund, further highlighting the variety of opportunities open to credit investors. Perhaps most notably, outside of the US and EU distressed opportunity set, is the potential for another Argentine default following that country’s loss in the US courts over payments to bondholders.

Approximately 80% p......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo