Hedge Funds

Deephaven offers access to single strategies


Deephaven Capital Management, which runs about $4 billion in total assets, is in the process of offering products for investors who want concentrated doses of strategies found in its flagship multistrategy fund.

By next year's second quarter, the Minnetonka, Minn., firm will give investors access to four hedge funds based on strategies currently traded in the master fund: a credit strategy; an international volatility and quantitative strategy; an Asia-focused multistrategy, and a global macro strategy.

The credit fund, called Global Value Partners, was launched on August 1 and focuses mainly on shorting U.S. securities. The volatility and quantitative fund,