Credaris Global Funds Launch
Release Date: 16 January 2008
Credaris, the London-based credit-specialist asset manager, has announced the launch of the Credaris Correlation Fund, a dedicated strategy of dynamically hedged synthetic CDO tranches with a focus on investment grade names. The aim is to optimise carry, roll-down and time decay, whilst minimising residual default risk and mark-to-market volatility. The funds administration and investor services is to be provided by Quintillion Limited.
William Lavelle, Chief Operating Officer at Credaris:” Quintillion have been a delight to deal with and a logical choice for the award of our administration mandate, due to the personable nature of their business. We have been impressed by their dynamic approach and their high level of professionalism, and whilst it is still early days, we look forward to building an established relationship over the coming years””.
Alan Doyle, Senior Manager Fund Accounting at Quintillion: "We are delighted that Credaris have chosen Quintillion as their outsource partner. We feel that the technology based approach of both organisations will combine to generate many synergies and will create a mutually beneficial partnership. We look forward to providing a seamless administration service to Credaris and wish them the very best with the success of this fund and with their future plans."
For further information please contact:
William Lavelle
Email: info@Credaris.com
Norfolk House
30 Charles II Street
London SW1Y 4AE
United Kingdom
Phone + 44 207 925 8300