Crestline Investors is all about looking for value in
distressed opportunities in the hedge fund space. Indeed, it
even has an investment fund to capitalise on them. But as part
of its opportunistic growth plan, the Forth Worth, Texas-based
firm is set to buy the residual funds of funds assets of Lyster
Watson, as the New York-based firm pulls out of the
multi-manager industry in favour of single-manager selection
and proprietary replication...