Fore adds a new credit strategy


Fore Advisors, the $1 billion convertible shop set up earlier this year by Matthew Li and other top traders, formerly with the Toronto Dominion Securities prop desk, is gearing up to launch its second fund.

The Fore Opportunity Fund, to be headed by Eddie Tam, will begin trading by the end of 2003. Firm founders Li and Tam are expected to put up $15 million in personal money to seed the start-up. The global strategy will play opportunities arising from stressed and distressed credits, long/short, macro themes, and special situations.

Tam, a seasoned private investor, is a new arrival