Saxo launches new credit fund for the Russian market

By Ivan Anderzhanov in Moscow

Saxo Bank, the Danish online trading business which established a presence in Russia through its acquisition of Capital Four, has launched a new credit fund.

According to a report in today's Wealth Briefing, the Credit Opportunities Fund will be available to Russians. It is proposed to invest clients’ assets in promissory notes, which are believed to be of a high profitability, generating proposed returns of 12-15%  per annum.

The Danish bank bought Capital Four, an asset manager with a focus on the high yield corporate bond market, in June.

Last month Saxo announced the acquisition of a 40% stake in Initto, the Danish owned software provider with 200 staff located mainly in India and Ukraine.

By Ivan Anderzhanov in Moscow Saxo Bank, the Danish online trading business which established a presence in Russia through its acquisition of Capital Four, has launched a new credit fund. According to a report in today's Wealth Briefing, the Credit Opportunities Fund will be available to Russians. It is proposed to invest clients’ assets in promissory ...