news, comment, analysis and data on the global business of credit trading and investing
Funds
New York manager closes Talf funds
Thursday, April 8, 2010
New York-based alternative investment manager Belstar Group has announced that it has closed two Talf credit funds totaling $280 million. It says the Belstar Credit Fund and Belstar SJ Credit Fund were launched in March 2009, and have bought ABS and CMBS assets under the Federal Reserve’’s Talf programme. The senior portfolio manager for the fund is Simina Farcasiu, who has previously worked at JPMorgan Asset Management and Bear Stearns.
<< END >>
Related stories
- Oak Hill Advisors confirms senior hire to its London office 1 hour ago
- New York hedge fund manager raises $112 million for credit fund 2 hours ago
- Credit market snapshot: credit maintains its tightening momentum 21 days ago
- Credit market snapshot: US and Europe move in opposite directions 1 month ago
- US financials move tighter as Bernanke hints at further loose... 1 month ago
Trading
- JP Morgan CIO desk was short the "widow maker", WSJ reports less than 1 hour ago
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 |
