CIFC Starts London Fund to Buy $2.7 Billion of European Leveraged Loans

(Bloomberg) -- Commercial Industrial Finance Corp.,
the debt-fund manager that opened an office in London this
month, plans to spend 2 billion euros ($2.7 billion) buying
loans in Europe by the end of next year.

CIFC, founded in New York two years ago, manages $2.5
billion of high-risk, high-yield loans. It buys the debt to
create collateralized loan obligations, securities that package
debt and use the income to pay investors.


Read more at Bloomberg Bonds News