It’s not a hedge fund if it doesn’t have some sort of reference to nature, be it hills, mountains, trees or rivers. But when Michael Fine, the former head of corporate credit at LibreMax Capital, launched his distressed debt firm in July, he resisted the urge and came up with a heart-warming reason for naming his company A6.

“The A is for my late grandfather, Arthur,” Fine tells Creditflux. “He put me in business in 1987 at nine-years old, taught me to read the stock market pages, then invest in equities and was a successful entrepreneur. And he ran his business and life with unwavering integrity. The 6 is my go-to number. It’s also non-hedge fundy and a bit sleek… closer to the future than the past.”

We commend Fine for carving out his own path and, at the same time, remembering someone who has helped him achieve success.

Niche sectors of the structured credit market used to be talked about only in hushed tones in deserted corridors.

But some market participants have learned to embrace structured credit for what it is. PGGM, the leading investor in significant risk transfers (SRTs), has even gone to the effort of explaining how it structures deals on its new SRT website.

What a refreshing, sensible and logical approach. It’ll never catch on.