Ex-Bear Stearns Exec. Preps India Multi-Strat FoHF

A Bear Stearns product manager is readying an India-focused multi-strategy fund of hedge funds for launch in July with between $10 million and $20 million in initial assets.

Ridaa Murad, who has built India-focused synthetic swaps, corporate finance and equities products for Bear Stearns since 2003, has set up New York-based Veda Asset Management with Bradford Matthews, who owns a broker/dealer in India.