The smart money reopens to fresh capital

Wed Aug 29, 2007

While a number of funds are suffering the wrath of tempestuous markets, many that were previously closed to new investments -- including vehicles run by such pedigreed firms as Marathon Asset Management, York Capital Management, SAC Capital Advisors and Camulos Capital - have put out the welcome mat in a play to take advantage of opportunities arising from the subprime mortgage fiasco.

Marathon, the $7 billion hedge fund operation founded by Bruce Richards and Louis Hanover, recently began accepting additional capital for two of...


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