Silverback Asset Management of Chapel Hill, N.C., recently formed a partnership with Investcorp to launch a new convertible arbitrage fund as part of Investcorps single-manager hedge fund platform.
The new fund will be run by Elliot Bossen, Silverbacks chief investment officer, and will be the third strategy on Investcorps hedge fund platform. The new relationship is part of the $9.5 billion Investcorps effort to add two to four new single-manager hedge fund strategies a year.
Earlier this year, Investcorp formed a joint venture with Minneapolis startup Interlachen Capital Group to run a multistrategy fund. Investcorp struck its first hedge fund