Hedge fund products to be sold by new venture

Aladdin Capital Holdings and Mitsubishi Corp. Finance formed MCF-Aladdin Holdings, a joint venture that will manage credit-related hedge fund products for institutional investors. MCF-Aladdin will debut a structured credit instruments fund today; it already offers a leveraged loan hedge fund, managed by Aladdin. More hedge funds will be introduced over the next two years, said Michael Carroll, Aladdin sales and marketing director. Mitsubishi will distribute the funds to Japanese institutional investors, and Aladdin will market them outside Japan, he said.