Whitebox rolls out an opportunistic event-focused fund

By Suzy Kenly Waite

Wed May 19, 2010

The $2.8 billion Minneapolis firm has launched a new fund with $100 million to exploit dislocations in commercial and residential mortgages.

Whitebox Advisors, the $2.8 billion Minneapolis-based hedge fund firm, has launched an opportunistic event-focused strategy. The Whitebox Asymmetric Opportunity Fund rolled out on April 1 with $100 million, and the firm hopes to raise its assets to $500 million, at which point it will have a soft-close. Paul Twitchell manages the strategy in the firm’s Austin, Texas office.

The Asymmetric fund will focus on exploiting dislocations in commercial and residential mortgages, mortgage-related securities, interest rate sensitive securities, and other short-...

ISSN: 2151-1845 / CDC10004H

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