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Funds
Middle east manager launches credit fund
Thursday, July 2, 2009
Emirates Business 24/7 reports that Dubai-based Evolvence Capital plans to raise $150 million for a credit fund that started trading on a proprietary basis in May. The article suggests that the fund will invest mainly in the debt of middle east sovereigns. See original article.
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Trading
Structured
CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
