Algebris Investments has launched a third fund dedicated to investing in Italy's non-performing loans market raising to three the number of NPL-focused strategies the UK-based hedge fund group has unveiled so far. The London-based company, led by Davide Serra, initially launched two Luxembourg-domiciled funds focused on non-performing loans (NPLs) in October 2014 and December 2016 respectively. Having reached its investment objectives with the initial launch, Algebris has launched the Algebris NPL Fund III, an investment vehicle that will pursue the same investment strategy than its...
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