As Hedge Funds Stumble, One Firm Prepares to Buy Illiquid Stakes

(Bloomberg) The worst year for hedge funds since 2011 is good news for Andrew Lawrence, chief executive officer of Rosebrook Capital Partners.Lawrence, 55, is seeking to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redemptions, according to a person with knowledge of his plans.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply