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Alternative Market Briefing

U.S. legal receivables fund launched in August

Monday, December 15, 2014

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Charles Brofman
Benedicte Gravrand, Opalesque Geneva for New Managers:

Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset class for decades. Here is an unusual fund that applies this strategy, set up by a RapidFunds spinout this summer, and that specializes in legal receivables.

The founders of Aden Capital, LP, a New York-based investment manager specialized in asset-based credit strategies, talked to Opalesque about their strategy.

Charles Brofman, who is part of Aden Capital investment’s committee, has more than 30 years of legal and business experience. He serves as a Director of RapidFunds, the legal receivables investment business that he co-founded in 2004, and is jointly responsible for business development.

Jay Shtulman, Founding Principal and Chief Investment Officer of Aden, has accumulated 19 years of experience in the financial services industry as a founder or co-founder of various investment management, trading and financing firms including a technology business that was later acquired by Sony.

Opalesque: Please explain your strategy.

Charles Brofman: In the United States, there is a whole group of cases, which is an enormous industry, w......................

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