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Funds
West Coast manager launches Ucits III credit fund
Wednesday, September 8, 2010
Fund of fund manager Gam has announced the launch of a $50 million Ucits III credit fund which is managed by west coast-based manager, Diversified Credit Investments(DCI). The new fund, known as the Gam Star Diversified Market Neutral Credit Fund, will follow a long-short strategy, mainly in investment grade credit.
DCI was set up by the founders of credit analytics firm KMV in 2004, after they sold their company to Moody's.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
