New hedge funds update: May 2011

Brigade raises $125 million for distressed fund.

FIRM NAME FUND NAME STRATEGY PORTFOLIO MANAGER AUM ($M) LAUNCH DATE
Maglan Capital Maglan Distressed
Master Fund
Distressed David Tawil $40 January
Riskowitz Capital Riskowitz Value Fund South African equities Sean Riskowitz N/A January
The Avalon Real Estate Funds Avalon Growth Fund Long/short Chris Davis N/A March
Basswood Capital Management Basswood Financial Fund U.S.

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