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4/1/2011

How Hedge Funds Are Financing the Latin American Trade Boom

How Hedge Funds Are Financing the Latin American Trade Boom

Small hedge funds find lending to LatAm exporters lucrative - and stable
Low U.S. interest rates, increasing demand for commodities and a boom in Latin America have combined to make trade finance in the region extremely appealing for a small but growing group of hedge fund firms focused on short-term lending to small and midsize companies. With the cost of capital for these funds low, the high interest rates in Latin America make for mouthwatering spreads these days. For investors in these funds, however, the most attractive part of trade finance is its stability. Read full article on Institutional Investor's Website.
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1/14/2009

Cargill’s Inside View Helps It Buck Downturn

Cargill’s Inside View Helps It Buck Downturn

Cargill Inc., one of the most powerful food companies in the world, reported strong earnings Tuesday, showing how it uses inside information, perfectly legally, to prosper in its bread-and-butter agricultural-trading businesses. Read the full article on The Wall Street Journal's Website.
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11/6/2008

Ship Comes In for Trade Financiers

Ship Comes In for Trade Financiers

Credit Crisis Drives Import-Export Firms to Alternative Sources of Funds
As the financial crisis chokes credit and corporate profits, specialist trade-finance firms have it so good that they are turning away potential customers. These financiers include small hedge funds and boutique investment firms, which specialize in providing loans that help grease the wheels of the $14 trillion market in global trade. They've stepped in to fill some of the void left by commercial banks that left import-export businesses high and dry when they began pulling credit lines several months ago. Too Busy? "Everyday we get three to four phone calls and emails from companies looking for loans," said Mead Welles, president and founder of Octagon Asset Management LLC, a New York-based hedge fund that focuses on trade loans. "We simply can't fund them all." Read the full article on The Wall Street Journal's Website.
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6/26/2007

Octagon Readies Commodity Finance Fund

Octagon Readies Commodity Finance Fund

Octagon Asset Management is readying to launch a new trade finance fund in July. The new vehicle, the Octave Trade Fund, will look for structured trade and commodity finance opportunities in physical commodity goods Read full article on Trade Finance Magazine's Website.
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11/1/2005

Octagon Asset Management: Reinventing Inventory Finance

Octagon Asset Management: Reinventing Inventory Finance

The Basle II Capital Accord is being welcomed with open arms by Octagon Asset Management. It runs two alternative funds that specialize in asset-based lending, and CEO Mead Welles is confident that his firm will benefit from the higher credit costs that banks will likely charge borrowers they perceive to be particularly risky. The liquidity gap that Octagon fills between commercial banks and investment banks for borrowers – predominantly in the agriculture, food and shipping industries in emerging-market countries – is likely to widen. Read the full article on Euromoney's Website.

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