Performance: Brigadier Capital`s credit fund up 6.69% in February, 8.94% YTD, Hedge fund manager Mukai picks analysts, not stocks for Japan - fund returned 11% in 2007, 2.3% YTD, Update: Financial crisis puts pressure on John Meriwether Partners, investors cannot access funds until end of June
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Opalesque Exclusive: Brigadier Capital`s credit fund up 6.69% in February, 8.94% YTD
Brigadier Capital yesterday reported that their credit market-focused fund returned 6.69% in February, resulting in a year-to-date performance of 8.94%.
With a 21-month trading record and US$ 208 million AUM, Brigadier deploys an “opportunistic” approach in the credit market and is active in all sub-sectors of these markets. Brigadier is sponsored by Cohen & Co., a fixed-income asset manager responsible for total assets in excess of US$ 45 billion, with several offices around the U.S.
Brigadier Capital seeks to profit from the opportunities which arise from mis-pricings in the credit markets and is active in all sub sectors of these markets. The Fund’s approach is “opportunistic”, and at the same time, managing the downside risk through an active hedging programme. Brigadier predominately invests in the ABS and corporate investment grade markets mainly via relative value arbitrage and market arbitrage. The Fund also takes positions in the underlying asset classes, through structures based on those asset classes or via indices. The Fund does not rely on short-term financing.
Cohen & Company’s Chris Ricciardi, CEO, and Lars Norell, Head of Alternatives, will be in London and Paris for meetings in mid-April. Corporate website:
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Hedge fund manager Mukai picks analysts, not stocks for Jap...................... To view our full article Click here
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