|Heightened interest in residential and commercial mortgage debt has spurred portfolio manager, Kevin Scherer, formerly of Citadel LLC, to launch a new structured debt hedge fund. As reported by Bloomberg News, the new hedge fund, Continuum Investment Management, is the newest start up in what is becoming a parade of startups pursuing the recovering mortgage market. |
Earlier this year, former hedge fund managers of Dalton Investments LLC and traders from Royal Bank of Canada and Bank of America created similar hedge funds. Established hedge funds, such as Brevan Howard Management LLP, D.E. Shaw & Co., and Angelo Gordon & Co. have also committed to sizable pools of structured debt in an attempt to capitalize on the deleveraging that’s occurring among financial institutions.
|Hedge Fund Lists|