Whitebox Advisors, the $2.8 billion Minneapolis-based hedge fund firm, has launched an opportunistic event-focused strategy. The Whitebox Asymmetric Opportunity Fund rolled out on April 1 with $100 million, and the firm hopes to raise its assets to $500 million, at which point it will have a soft-close. Paul Twitchell manages the strategy in the firm’s Austin, Texas office. The Asymmetric fund will focus on exploiting dislocations in commercial and residential mortgages, mortgage-related securities, interest rate sensitive securities, and other short-...