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Opalesque Exclusive: New hedge fund focuses on asset backed lending and life insurance
According to marketing material obtained by Opalesque, Global Secured Capital Fund team believes that a significant opportunity exists to produce attractive risk adjusted returns in the public and private asset backed lending and life insurance markets.
Global Secured Capital says a significant opportunity exists to create a portfolio of these investments with the following characteristics: Low to Mid-teen IRR’s with low volatility and low skew risk, low correlation to the traditional capital markets and intermediate to longer term value realization. Collectively, the team headed by the partners Richard Kearns and Joe MacLean, has successfully originated, structured, priced, syndicated and/or managed over $25 billion of structured finance assets.
Fees are 2/20 (quarterly high-water mark), minimum investment is $1m.
mption policy is
"Gating" rule of
The fund was launched in June 2007 and returned 7.24% with all seven months positive. Contact: nrauch@globalsecuredcap.com
Magnum launches China FoF
From Hedgefund.net Daily Report: Magnum Funds has come out with a China fund-of-funds, according to a report in Hedge Funds Review. The Nassau- and Florida-based fund-of-funds firm launched the new product to allow investors to take advantage of China's strong growth and currency reserves, the report said...................... To view our full article Click here
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