Launches & Closures Hedge Funds

Fore carves out short European credit fund


The fund expands a strategy that earned 86% gross last year.

Fore Research & Management is preparing to raise outside capital for a new hedge fund that focuses on shorting the debt of European sovereigns and financial companies. The new fund, which began trading at the end of January, employs a strategy that the firm has already been investing in as part of its flagship multistrategy fund. That theme returned 86% gross within the Fore Multi Strategy Fund last year, while the multistrategy fund itself produced a net return of 13.4%.

Matthew Li, Fore’s founder and portfolio manager, will be responsible for the new Fore European Credit Dislocation