Ex-Citadel managing director's structured credit hedge fund secures seed deal

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Third hedge fund seed deal for Grosvenor

Continuum Investment Management expects to launch its maiden hedge fund on February 1 with close to $100 million in assets, including $85 million in seed capital from fund of hedge funds manager Grosvenor Capital Management.

The fund will take a multi-strategy approach to investing in structured credit markets, focusing on pre-payment and credit-centric trades in residential and commercial mortgage-backed securities (RMBS and CMBS) and other asset-backed securities.

Continuum is led by Kevin Sch

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