Hedge Funds

BSAM reopens high-flying credit fund

by

Bear Stearns Asset Management is opening up its $1.4 billion high grade structured credit strategies fund to as much as $250 million of new capital.

The Bear Stearns High Grade Structured Credit Strategies Fund, which has returned 7.10% through September net of fees, has never suffered a down month since its October, 2003 inception.

The new assets, which BSAM wants to take in by the end of March 2006, are aimed at allowing the fund to take advantage of the significant opportunities it is expecting in the structured credit markets in the coming months.