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Derivatives

U.S. Hedge Fund Eyeballs Equity/Credit Hedges

Victus Capital, which recently opened its USD175 million multi-strategy hedge fund to new capital, plans to enter over-the-counter equity and credit derivatives to hedge its portfolio.

Victus Capital, which recently opened its USD175 million multi-strategy hedge fund to new capital, plans to enter over-the-counter equity and credit derivatives to hedge its portfolio. Shad Shatney, partner and co-founder in New York, said the fund manager is looking at purchasing term-structure products, such as collars.

The fund manager is also considering excuting puts and calls and purchasing credit default swaps for hedging. The fund is managed according to equity volatility arbitrage and convertible arbitrage strategies, he said.

Goldman Sachs is the prime broker of the fund although Victus will shop between counterparties for best execution of derivatives trades.

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