|
"We had already taken the view back in 2006 that we were not comfortable with the CDO market, and so we had short exposure"
Stephen Decani, Arch |
Asset-based lending is becoming of increasing interest to hedge funds managers as a source of alpha, and to investors. Swiss fund of hedge funds Nara Capital, for example, launched a pure asset-based lending fund of hedge funds at the end of 2007. And, according to a survey compiled by the Commercial Finance Association, the US asset-based lending industry has been growing at double-digit rates annually. The association’s last survey revealed total asset-based loans outstanding to be approaching the $500 billion mark.
Specialist investment group Arch Financial Products has witnessed the increasing interest in the financing strategy. In just over 12 months, the group has built up its assets under management from $100 million to $1.3 billion. Its core funds follow a private finance...
You must be a subscriber to access this archived content.
If your subscription includes access to the archive, please log in now to view.
To gain access to this content visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30% on your subscription.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe
