Mezzanine finance as an investment opportunity is looking attractive for super funds due to continued difficulties in the bank finance market. The risks, returns and challenges of mezzanine finance are to be discussed at a special one-day seminar in Melbourne July 29.
The $450 million Spec(Q) has begun reallocating the 23 per cent cash heap it has amassed back to the market, having directed the $70 million of free cash flow the fund generates each year into cash since December 2007.
After a tumultuous past 12 months, set off by the crisis in the US sub-prime mortgage market, some financial institutions are still looking shaky, the sharemarket remains in the doldrums at 30 per cent below its peak, consumer and investor confidence is low and inflation looms as another possible dark cloud on the horizon. In […]