Hedge Funds
And this week, Bloomberg has reported that at least one hedge fund has started up with the intention of buying Illiquid Asset stakes in hedge funds that have suspended redemptions, according to people with knowledge of the plans. Andrew Lawrence, chief executive officer of Rosebrook Capital Partners, is behind the plan to start a fund buying illiquid stakes in other hedge funds. According to Bloomberg, Andrew Lawrence is seeking to raise $250 million to $500 million for his new fund. The logic behind the new fund is simple, Lawrence is looking to buy interests from existing investors in funds that have limited redemptions....