CPM Advisers, a London-based hedge fund, has launched a long-biased structured credit fund. The CPM Securitization Fond focuses on collateralized debt obligations and asset-backed securities in the primary and secondary European and North American markets, according to spokesman Carsten Froehlich.
The fund is managed by Mark Brooks, who referred calls to Froehlich. The fund has a capacity of EUR500-600 million and holds approximately EUR240-250 million, said Froehlich. Credit Suisse First Boston is the fund's prime broker.
