New Fund Despite Tough Conditions

Chidem Kurdas

A very difficult environment for raising money, in particular for fund of funds, has not stopped the launch of investment vehicles. But the new products tend to come from firms with established distribution networks, which gives them a better chance of finding clients. They also tend to have a broader investment agenda than hedge funds-only vehicles.

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Ladenburg Thalmann Real Estate Hybrid

Chidem Kurdas

Investment bank Ladenburg Thalmann is to start a fund that will blend real estate and natural resource investments with hedge funds. The manager is Philip Blancato, who is the president of the firm’s asset management arm.