BusinessWeek – SAIL Advisors Ltd., backed by Duty Free Shoppers Group co-founder Robert Miller, plans to allocate more money to hedge funds running less liquid strategies, such as distressed securities or credit.
The $1.2 billion multistrategy SAIL Flagship Fund, which allows redemptions once a quarter, may consider allocating money to hedge funds that will lock up its capital for as long as two years, said Chief Executive Officer Vincent Duhamel in an interview yesterday.
