In HedgeCo news, hedge fund Manager OakRun Capital LLC announced the launch of a receivables refactoring fund, the 'Short Term High Yield Fund'.

The Cayman Islands exempted fund launched on October 1st and came in at 9.48% annualized in its first month. The fund's objective is to generate above average current income with a lower overall credit risk profile and maintain a stable NAV.

"We do not believe that simply managing for relative performance is satisfactory to our clients or ourselves." says Scott Rhodenizer, Founder, CEO, and Chief Investment Officer, "While we work to outperform the markets, we strive to do so without excessive risk."

Complete article; Hedge Fund Manager OakRun Launches Short Term Fund