Aladdin Capital Management is getting ready to roll out a pair of funds targeted for late spring. The funds, a structured credit fund and a floating rate leveraged loan fund, will both be launched with $50 million in assets from global investors.
The structured credit fund will invest in synthetic collateralized debt obligations and credit derivatives, looking to minimize the effects of movements in interest rates and credit spreads. The fund will employ leverage between eight to 10 times investor capital. The portfolio average credit quality will be BBB or higher. George Marshman, a senior managing director, CIO