Matthew Li's Fore Research & Management, the $1.8 billion convertible shop, is planning to close its flagship fund to new investment within the next couple of months.
The Fore Convertible Fund, which includes onshore, offshore and Erisa-compliant vehicles, enjoyed a dazzling 2006, producing a net return of 20.74% and reaching $1.35 billion in assets. At this size, Fore believes that the fund is near its capacity.
The Fore Convertible Fund enjoyed a dazzling 2006
Existing investors will be able to increase their investment in the fund for a short period, though the details have not been finalized.