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Tenax Fund Enables Insurers to Capitalise on Bank Deleveraging (Insurance Risk)

Date Posted: 10 August 2012

The fund, Tenax's second, will buy corporate loans and bonds from banks, as well as provide finance directly to corporates, with the aim of creating a portfolio of conservative senior secured loans. "The pressure on banks to lighten their balance sheets creates a unique opportunity for insurers to capture excellent risk-adjusted returns through investment in corporate credit," says Massimo Figna, chief executive of Tenax Capital.

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