Parker adds distressed to its range

A distressed securities multi-manager hedge fund will increase $430m Parker Global Strategies' product range to 14.

The fund is planned for launch in April next year and will invest at least 80% of the portfolio in US-focused funds although it may also look to Europe and Asia.

Virginia Reynolds Parker, founder and managing member of Parker Global Strategies said: 'Now is a very good time for distressed securities over the next three years.

'You do not see many opportunities like this and it is

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