Hedge Funds

Aladdin Capital forms joint venture with Mitsubishi


Stamford-based Aladdin Capital Holdings recently inked a deal with Mitsubishi Corporation Finance to establish MCF-Aladdin Holdings, a new investment advisory firm that will focus on the credit markets. As part of the new initiative, the firm will manage two new hedge funds. The first fund, launched in August, will invest in the leveraged loan market, and the second fund, slated to launch this month, will focus on the structured credit market.

The floating rate leveraged loan fund is designed to give investors unable to invest in traditional CLOs, due to their lengthy lock-up periods, an alternative that meets