A private investment firm specializing in alternative and real asset investment strategies  Belstar Group launched the Belstar Credit Fund, L.P. and the Belstar Altair Credit Fund, L.P.

These funds were initially launched in March 2009 and have participated in the Term Asset-Backed Securities Loan Facility (TALF). The funds are designed to achieve attractive returns by investing in a portfolio of highly rated ABS that are eligible to be financed through the program.

Recently hired Simina Farcasiu, a partner of the Belstar Group, will be the senior portfolio manager for the funds. She has 20 years of fixed income and structured product experience, having held senior positions at JPMorgan Asset Management and Bear Stearns.

Farcasiu will be working with Jeffrey Moses, who recently joined the firm as managing director and director of research and analytics. Moses was formerly at HSBC Securities, where he was the managing director responsible for the securitization business in the Americas and for managing a 16 person banking, syndicate and analytics team. He has been involved in the securitization of over 175 auto, student, marine loans, credit card and trade receivables securitizations.

“These funds offer private sector participants opportunities that are designed to expand the supply of credit in the U.S. and support fundamental economic activity,” said Daniel Yun, founder and chief executive of Belstar Group. “In Simina and Jeff, we have investment professionals who have an extensive knowledge of the U.S. asset-backed securities market. They add another dimension to Belstar’s nimble expertise that we believe will effectively deliver new investment opportunities to clients around the world.”

“These opportunities arise out of unprecedented dislocation in the credit markets,” said  Farcasiu. “Without the overhang of legacy assets or other conflicts, the Belstar Group has built a TALF-platform that effectively addresses today’s markets.”

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