Five listed funds of hedge funds are raising money in the stock market, aiming to persuade investors that the industry is poised to profit from mispricing opportunities created by the credit squeeze. FRM Credit Alpha, run by Financial Risk Management, will announce plans to more than double its size by raising £80m from a new share issue, just six months after it floated. Others raising money include listed funds run by Thames River Capital, Dexion, Cazenove and New Star. They believe they can now get easier access to the hedge funds in which they invest. http://www.ft.com/cms/s/a4358812-80...c.html&_i_referer=http://ftalphaville.ft.com/
The same funds probably completely overlooked "mispriced opportunities" that existed when the market was making all-time highs. Now, all of a sudden, easy money is obvious! Ha-ha-hee-hee-ho-ho!!