Fore Research & Management, the $1.2 billion New York convertible specialist, has opened a second hedge fund, the Fore Opportunity Fund, to outside investors.
The fund is an expansion of an existing sub-strategy within the firm's flagship convertible fund.
It was seeded with $17 million in partner money earlier this year and looks to take advantage of global special situations within credits and equity. The fund currently manages $65 million and will be closed at $100 million.
Fore Opportunity is more aggressive than the firm's flagship fund with higher concentration limits and a bias towards Asian growth. Fore Opportunity's