Reuters – Brokerage Tullett Prebon has set up a venture to raise money for hedge funds and private equity funds in the hope of tapping investors returning to these portfolios as the credit crisis eases.
The world’s second-largest interdealer broker said it hoped to attract “blue-chip” hedge fund clients to the new venture, which builds on the alternative investment desk it set up just over a year ago to broker sales of hedge funds stakes in the fledgling secondary market.
