(Reuters) Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a “direct lending” hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Most funds invest in traditional financial assets like stocks or bonds, but direct lenders make high-interest rate loans, usually to fledgling or struggling businesses passed over by banks. Proponents say the strategy can produce smooth returns even in a low-growth economic environment.
Direct Lending Funds’ Fading All-Weather Appeal
This entry was posted in Syndicated. Bookmark the permalink.
