First Credit Opportunity (FCO) is a corporation established to provide exposure to the credit market. The company's purpose is to invest in credit securities - mainly Nordic names - and the exposure should be focused on credit risk.
Any currency and interest rate risk will largely sought cover. The company will also dissolve when the credit market is more or less back to more "normal" levels. Basically, we think this takes between 2 and 3 years. Risk-wise, this is an investment that lies between stocks and bonds without much credit. First Asset Managament is manager of the portfolio, First and Business Services is an accountant.
