Aussie manager launches S$362m structured finance fund

Babcock & Brown has launched an IPO in Singapore for a structured finance fund, the eponymous Babcock & Brown Structured Finance Fund, that promises to yield as much as 9% in 2007.The fund comprises a diversified portfolio of assets that investors canÆt typically buy and sell in listed form, split evenly between loan portfolio and securitisation assets, operating lease assets and alternative assets. This amounts to B&BÆs core business areas, so investors in the fund are in…