New Glade Brook Fund May Mark Top of a Bull Market Strategy

Whipsawing tech, media and Internet stocks may be undermining investor interest in maximizing exposure to risk.

Paul Hudson has raised at least $40.6 million for his new Glade Brook Gardiners Domestic Fund, according to a regulatory filing.

The filing does not contain much information except that the first sale took place April 1. We reported in February that in a letter to clients of his existing hedge funds, dated January 31, Hudson described the fund as “a levered vehicle” that “will help address the risk appetite of some of our investors.”

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