Taconic Capital Advisors is hoping two's the charm. The $8.6
billion event-driven firm, founded by former Goldman Sachs
partners Frank Brosens and Ken Brody, is raising capital for a
new private equity-style vehicle that aims to profit from this
fall's unprecedented credit market turmoil.
"Whatever the form of [the] government bailout," Taconic
wrote in a letter to investors, "we expect credit opportunities
to be abundant."
The fund is...