MIM’s suite of CITs will expand investor access to its Public Fixed Income strategies and capabilities, particularly for the defined contribution market.
A growing number of LPs are starting to turn away from allocating to the largest managers and towards experienced dealmakers who are starting their own shops – many of whom are spin-outs from the giant firms.
Once fully invested, the fund expects to have 20 to 24 core portfolio companies. Of these, Ocean Azul is aiming for 20% to be Israeli companies that have a U.S. market focus.
When the market for mortgage-backed securities — derivatives — exploded in 2008, the investment guru Warren Buffet called them “financial weapons of mass destruction.”
The investable universe is primarily domestic small capitalization stocks with a focus on quality companies that the portfolio management team believes to be attractively valued.