New TIG fund targets esoteric ABS

By Will Caiger-Smith
14 Jan 2015

US hedge fund TIG Advisors has launched a new fund to target illiquid securitized products that do not quite fit into its Securitized Asset Fund, with a focus on esoteric asset classes like aircraft ABS and peer-to-peer loan securitizations.

The new vehicle, called the Sunrise Fund, began trading in November and has around $40m in assets under management, according to TIG.

It targets less liquid and more esoteric asset classes than TIG’s flagship ABS fund, the Securitized Asset Fund, the firm’s chief strategist David Liu told GlobalCapital ...

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