Hedge Funds

Fore adds loan strategy


New York-based Fore Research & Management recently added a new loan fund to its lineup. The new Fore Leverage Loan Opportunity Fund focuses primarily on the leveraged loan market in North America and Europe and was seeded with approximately $26 million by Fore founder and chief investment officer Matthew Li as well as Fore employees.

The new fund springs out of a subfund within the firm's convertible funds and consists mainly of senior secured loans. It also invests, long and short, in a variety of other public and private leveraged finance products, including distressed securities, mezzanine and pay-in-kind