Telegraph.co.uk – 3i Infrastructure, which is 43pc owned by private equity group 3i, said it had exploited an "anomaly in the market" and added it was keen to take part in any purchase of Gatwick, after BAA was told it must sell two of its three London airports.

The fund has bought debt issued by Ireland’s Viridian, Thames Water and Telediffusion de France, adding that the purchases offered higher than equity returns at lower risk.

Michael Queen, a 3i managing partner, said: "Hedge funds are receiving redemption notices and having to liquidate their portfolios. Because capital is scarce at the moment, the prices at which they’re [selling] are clearly at a discount to fair value.

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Tags: beta, bondholders, february-12, federal-reserve, few-days, jenrette, market-sources, sizeable-investments

Reuters – Lasair Capital, a hedge fund industry newcomer that boasts General Electric Co as its blue-chip backer, said on Tuesday that it has hired a senior investment officer to help put $180 million to work.

Carrie McCabe, who founded Lasair as a "next generation" hedge fund firm earlier this year, told investors that Jennifer Coffey will now help select hedge funds as well as infrastructure and timber assets for clients.

"Jennifer will report directly to me and I will continue to oversee all investment decisions," McCabe, who cemented her reputation in the hedge fund industry while running Blackstone Alternative Asset Management and FRM Americas, told clients.

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Tags: bad-news, bain-capital-llc, barometer, blind-trust, carrie, dividend-fund, frm, fund-investment, general-electric, industry-analysts, investment-arm, jenrette, mccabe, powerhouse