VOL. XLV

No 14

8-April-2002

BAHRAIN

Investcorp Issues First Securitization Of A Fund Of Funds

Bahrain-based investment bank Investcorpannounced on 26 March that it had securitized $500mn worth of hedge funds inthe form of the Diversified Strategies Collateralized Fund Obligation (CFO). Ina statement, Investcorp said that the issue is itsfirst CFO in European markets and that it is one of the first public issues ofthis type anywhere. The Diversified Strategies CFO involves a special purposevehicle...