SocGen Asset Management is launching an opportunistic fund aimed at sophisticated investors with the aim of allowing them to take advantage of the opportunities that have arisen in the wake of the liquidity crisis in credit markets. SGAM Invest Bonds Recovery 2007 is an FCP (French-registered mutual fund) with a minimum investment level of €1 million ($1.4 million). It seeks to capture the liquidity premium by focusing on the attractive price levels of securities. The portfolio is mainly invested in two types of instrument: securitisation vehicles, chiefly asset backed securities issued in the eurozone; and bonds issued by European companies and banks. The fund is open for subscription in France only.