On financials

With the credit crunch raging and banks baulking at lending to each other, it might be worth having ...

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