Notz Stucki, the $7.3bn fund of hedge funds (FoHF) and advisory firm, plans to launch a FoHF focusing on the global distressed sector later this year in response to ongoing bank de-leveraging, HFMWeek has learned.
The Swiss firm, whose assets have more than halved since reaching a $16bn peak before the financial crisis, is embarking on a three-month subscriptions round before opening its tenth FoHF on 1 July.