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Funds
James Caird plans to unwind credit hedge fund, reports Bloomberg
Wednesday, December 14, 2011
Bloomberg reports that London-based James Caird Asset Management plans to liquidate its main hedge fund, the JCAM Global Fund, and return the money to investors. The credit manager was set up by Tim Leslie, who previously ran a credit strategy at Moore Capital, in 2008.
The fund outperformed its peers in 2008 and 2009, but was down 6% in the year to September, according to data compiled by Creditflux.
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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 |
