Hedge funds play it safe

Mezzanine Debt


In the enigmatic world of alternative fund management, one of the latest investment strategies of choice is surprisingly conventional. As banks have tightened lending standards for small companies with tenuous risk profiles, hedge funds and private equity companies have begun to dip their toes into the most traditional of markets, the loan industry. And in an increasingly difficult return environment for hedge funds, the hunt for yield has led many to seek out lending opportunities in the re