Ymer SC AB has reopened its Alternative Credit Fund through September after achieving close to 20 percent returns in its first year by investing in credit indexes and CLOs, which repackage leveraged loans into floating-rate securities.
Amid a global pickup in demand for CLO investments, the Swedish company's second fund is now targeting a size of EUR 250m (USD 297m), according to Ymer's chief executive officer and co-founder, Stefan Engstrand.
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