Hedge Funds

New credit fund launch

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Convertible-bond specialist Lydian Asset Management is expanding its fund line-up to include a new credit-focused hedge fund. The new strategy is expected to exploit heightened volatility in markets that Lydian's team has followed for some time. The long/short credit fund will trade derivatives, high-yield instruments as well as converts, where Lydian's analytical strengths have perhaps been strongest in the past.