Hedge fund enables insurers to capitalise on bank deleveraging

Massimo Figna
Massimo Figna, Tenax Capital

Hedge fund manager Tenax Capital has raised €250 million (£197 million) from insurers in a fund that invests in corporate bonds and loans that banks are seeking to offload.

Tenax is seeking to take advantage of the de-leveraging process that the banking sector is currently undergoing and the contraction in the supply of credit arising from the recent financial crises.

The fund will buy corporate loans and bonds from banks, as well as provide finance directly to corporates, with the aim of

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: