Funds Jump Into Lending Business Under Scrutiny After Blow Ups
- Pemberton, Allianz are raising supply chain finance funds
- Hedge fund Fasanara Capital is also investing in the market
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Asset managers and credit funds are piling into a funding market that’s been rocked by a string of corporate failures and scandals.
Pemberton Asset Management, Allianz SE and London-based hedge fund Fasanara Capital are among firms raising billions in funds for short-term lending, known as supply chain finance, to companies. The practice of borrowing by firms to pay suppliers early has come under scrutiny from regulators because of the way it is accounted for.