Taconic Capital Launches Sidecars for Claims Trades in Iceland

The event-driven and opportunity-focused hedge fund firm has raised $160 million for two new sidecars, a source says.

New York–based Taconic Capital Advisors, a multistrategy hedge fund firm, is betting on trade claims against the three largest failed banks in Iceland and has created sidecars as investment platforms.

According to a source, the sidecar funds have raised a total of $160 million in two separate closings.

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