SGAM launches fund to capitalise on subprime

Societe Generale Asset Management has become the latest fund manager to launch a fund aimed at reaping the benefits of valuation discrepancies caused by the fallout from the US subprime mortgage blow-up.

Strategies seeking opportunities from the turmoil have been cropping up across the US over the past month, but most have focused directly on US mortgages and asset-backed securities.

However, credit fears have reached far beyond the US subprime and ABS markets. Between June 1 and July 30, for inst

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