British asset manager Blue Crest is winding down its Specialty Asset Finance Fund after losses and redemptions forced the fund to close many positions at a heavy loss, sources familiar with the fund told Reuters. BlueCrest declined to comment on the fund. Three [...]
Asset Based Lending & Loans
Here is a short video on Asset Based Lending and a high level overview of how asset based loans are evaluated and made. While some ABL funds have been doing well lately relatively few HNW investors are familiar with how they operate and what types of risks are involved within such funds. If you are viewing this article through our daily email newsletter please click here to watched the embedded video below.
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New York (HedgeCo.Net) - Jacksonville, Florida-based Advantage Capital Equity Solutions is set to unveil its new asset based lending hedge fund at the end of this month according to an article published in FINalternatives.The Advantage Capital Equity Fund II will locate nonperforming assets and purchase them at a discounted rate such as real estate taken [...]
January 14, 2008. Full Circle Funding, LP (“Full Circle”) today announced that on January 1st it launched Full Circle Fund, Ltd. (the “Offshore Fund”), an offshore version of its 15-month old domestic ABL fund, Full Circle Partners, LP. (the “Domestic Fund”).Both funds focus on buying senior secured loans of issuers where desirable collateral and risk [...]