Big River Capital Corp. is looking for a strategic collaboration for its first fund of hedge funds (FoHF), named the Big River Risk Managers Fund, HFMWeek reports. The Mississippi-based FoHF manager wants to trade a part of the business for an initial seed investment. The FoHF, rolled out in January 2008, would accept any kind of investor and is willing to offer equity, revenue or both, to help meet its $1 billion target. The fund allocates to a small group of best-of-breed risk managers, with a leaning towards long/short strategies.
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