Tapestry looks to raise £100m

Tapestry Investment Company, a global fund of hedge funds buyer, is looking to raise up to £100m as ...

Tapestry Investment Company, a global fund of hedge funds buyer, is looking to raise up to £100m as volatile markets throw up new buying opportunities. Tapestry’s board said ongoing liquidations of leveraged positions in various markets are creating “compelling investment opportunities” in some of its hedge fund strategies. Several of the 37 hedge fund managers which the trust invests in have contacted the company in recent weeks with the view to raising more funds to capitalise on the current environment. The closed-ended fund was launched in 2005 and currently has a market cap of £57m...