|
|
From Kirsten Bischoff, Opalesque New York:
After a slow start, news of launches to take advantage of Term Asset-Backed Securities Loan Facility (TALF) have begun to pick up slightly. "Spreads are coming in, and deals are getting done, so TALF is actually having its intended effect, regardless of the volume of deals done thus far," Scott Johnston, Managing Partner at $300m investment firm Belstar Group told Opalesque.
New York-based Belstar (www.belstargroup.com) announced on Wednesday that it was joining the slowly growing group of firms looking to take advantage of the opportunities offered by TALF. Following the recent hires of Simina Farcasiu and Jeffrey Moses, Belstar Group announced the launch of the Belstar Credit Fund LP and the Belstar Altair Credit Fund LP. The funds, which are targeted to manage $250m, will take advantage of credit opportunities arising through TALF.
"These opportunities arise out of unprecedented dislocation in the credit markets," said Ms. Farcasiu in a statement. "Without the overhang of legacy assets or other conflicts, the Belstar Group has built a TALF-platform that effectively addresses today's markets." Farcasiu will be Senior Portfolio Manager of the funds and Moses who joined the firm as Director of Research and Analytics will be the research analyst for the funds.
The disappointing start...................... To view our full article Click here
|
|
RSS
