On alternatives

With the credit crunch raging and banks baulking at lending to each other, I thought it might be wor...

With the credit crunch raging and banks baulking at lending to each other, I thought it might be worth having a look at some of the providers of alternative finance in the closed-end space. Some of these were early casualties of the crisis. Queens Walk, Caliber Global, Trio Finance, European Equity Tranche Income are names that would make most fund managers shudder and probably rightly so. They were an integral part of the web of securitised finance that increasingly resembles the split capital debacle of a few years ago. There are other vehicles that invest in fixed interest securiti...