| 01.02.2018 Opalesque Exclusive: US Trust develops LP Lending |
| Bailey McCann, Opalesque New York: For hedge fund managers and high net worth individuals, a large percentage of personal wealth can be tied up in fund investments. US Trust, the private wealth management arm of Bank of America, has created a solution that it says can bridge the gap if short-term liquidity is needed. LPs can use their investment portfolio as collateral for a line of credit.
|