Funds of Hedge Funds

Distressed strategies continue to stay in demand


Distressed securities continue to be in the spotlight with Harcourt Investment Consulting having just launched the Belmont (Lux) Recovery, a diversified fund of hedge funds dedicated to credit and distressed assets.

Cadogan Management in the US is also considering a deep opportunity fund, which will invest in liquidity impaired credits, bank loans, and senior credit instruments, traditional distressed and global deep value equities and opportunistic shorts. The Cadogan fund is likely to see the light of day towards the end of the year and have a three- to five-year lock up and invest