A new multi-strategy hedge fund will be launched by Seth Fischer for external investors, Reuters reports. The Oasis Investments Master Fund II expects to raise about $1 billion. Goldman Sachs, Credit Suisse and Deutsche Bank will act as the prime brokers, while Omnium will be the fund administrator. Fischer previously managed the $3.3 billion DKR Soundshore Oasis Fund. He has also worked as an Asia-based portfolio manager at JPMorgan Chase’s Highbridge Capital.

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