U.S. hedge fund manager Emanuel ‘Manny’ Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector.

Forty-year industry veteran Friedman, co-founder of Friedman Billings Ramsey Group, is well known for being a buyer of distressed securities in the depths of the financial crisis.

Read more on Reuters here.

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