Hedge fund L&R Capital hires CIO, poised for launch

L&R Capital, a hedge fund manager set up in Hong Kong this year, will launch a global credit fund in the next few days and is planning a Beijing office, AsianInvestor can reveal. The firm is readying its first strategy against a backdrop of improved performance by hedge funds globally, even though inflows remain muted after record investor withdrawals last year.  The fund aims to raise $350 million from Greater China investors, such as high-net-worth individuals, family offi…