UK asset managers Talisman Global Asset Management and Cambridge Place Investment Management have launched the co-managed Talisman/CPIM European Debt Opportunity Fund. With capital commitments of EUR 50mln and a targeted net return of between 12% and 15%, the fund will invest in a range of European commercial mortgage backed securities (CMBS), residential mortgage backed securities (RMBS) and other asset backed securities (ABS) classes.
UK asset managers Talisman Global Asset Management and Cambridge Place Investment Management have launched the co-managed Talisman/CPIM European Debt Opportunity Fund. With capital commitments of EUR 50mln and a targeted net return of between 12% and 15%, the fund will invest in a range of European commercial mortgage backed securities (CMBS), residential mortgage backed securities (RMBS) and other asset backed securities (ABS) classes.
'These are difficult markets in which there remains a lot of risk, however with risk comes opportunity,' explained CPIM chief executive Martin Finegold.
