Hedge Funds

Silverback pros prepare credit fund for fall launch

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Silverback Asset Management alums Rex Goulding and John Burkert recently established Tiden Capital, a new hedge fund firm through which they are planning to launch a structured credit vehicle.

The firm began trading in mid-March and now runs $275 million in managed accounts. It has produced a gain of 20.26% through the end of July.

Tiden focuses on finding relative value opportunities in the corporate credit market. The strategy's emphasis is on exploiting inefficiencies in the expanding synthetic credit market, with a focus on correlation trading. For instance, the firm would seek to arbitrage the prices on different