Standard & Poor's has assigned ratings to Man Glenwood Alternative Strategies I's $374m floating- and fixed-rate notes. This is the first time structured notes issued by a leveraged fund and backed by pools of hedge fund investments have been rated.
As first reported in Hedge Fund Review last month, S&P has been looking to rate the debt on fund of funds products, creating a new way for hedge fund managers to raise capital. Other ratings agencies such as Moody's are also looking at such produc
The week on Risk.net, December 2–8, 2017Receive this by email