Crestline to buy discounted hedge fund assets

Fri Mar 6, 2009

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Crestline Investors, the $3.5 billion Texas-based funds of funds business that spun out from the Bass Family, is seeking to take advantage of a short term window of opportunity to buy hedge fund assets on the secondary market at a significant discount. Existing institutional investors of the firm provided an initial allocation of over $200 million to the effort.

In September 2008,...

ISSN: 2151-1845 / CDC10004H

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