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Business
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Number of pages / Number of words: |
4 / 847 |
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Others, such as Citadel and Farallon, two of the biggest hedge funds, have since moved in to buy discounted loans, extend credit to troubled lenders or snap up distressed subsidiaries. As other types of investors have fled, hedge funds have become the main source of liquidity for mortgage firms, says Mr Heinz...
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They are now the leading buyers of leveraged loans.
The latest pick-up in performance will allow all but the worst-performing funds to continue charging â2 and 20â for their services: up to 2% of the assets under management plus 20% of any investment gains. There is no shortage of new investors looking to plough money into the sector...
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