Reuters – Culross Global Management is going against hedge fund fashion for liquidity with a portfolio that will target the cheap but hard-to-sell credit assets that helped to stymie the industry during the financial crisis.
The LT Alpha fund, launched this week, will aim for returns of 15-to-20 percent a year by investing in between eight and 15 hedge funds that it believes are too illiquid for most rival funds of funds to touch.
