Paul Singer’s Elliott Investment Management is committing over $100m to support credit specialist Debdeep Maji in launching his new hedge fund firm, 37Spruce Investment Partners, according to a report by Bloomberg.
The fund, which is expected to begin trading later this year, will concentrate on collateralised loan obligations (CLOs) and structured credit opportunities.
Early investors in 37Spruce will receive a portion of the firm’s revenue, according to sources familiar with the arrangement. T...
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