LONDON (HedgeWorld.com)–Cognis Capital Partners LLP announced that with seeding from JP Morgan Partners it has launched its maiden hedge fund, the Cognis I Fund.
The seed money, US$20 million, was described in Cognis’ announcement as part of a new strategic partnership.
The new launch, Cognis I Fund will target net annual returns to investors of 12% and will invest in European high-yield, distressed and mezzanine debt.