HEDGE FUND NEWS

New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis.
According to one investor who was considering committing funds, the planned Highbridge Leveraged Loan Partners will require prospective investors to commit to a three-year […]

Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors.
It has hired two people from Credit Suisse to run the business from Guernsey. The business marks a new direction for the hedge fund manager. Last week, Financial News reported the firm will close its $39m […]

Reuters) - Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months.
"It is materially harder to start a hedge fund today than it was two or five years ago," said David Bailin, who heads Bank of America Corp’s alternative investments […]