Kempen Capital Management has launched a fund of structured credit funds to allow investors cost-efficient access to the securitised debt market, the Dutch company has announced. The Diversified Structured Credit Pool will target long-only structured credit funds, primarily from specialist companies GoldenTree, LibreMax and One Williams Street. This new approach will invest in investment grade and sub-investment grade bonds, with an expected interest rate duration of two to three years. It is expected to have a strong tilt towards US debt. Structured credit encompasses residential mortgages, commercial mortgages, senior secured loans and consumer loans. It is a $2.8 trillion market in...