Friday, 31 July 2015
Last updated 12 hours ago
Feb 16 2010 | 11:24am ET
New York-based hedge fund Karsch Capital Management is launching a distressed-debt hedge fund.
The firm, which focuses on long/short equity strategies, plans to launch the fund in the second quarter, HedgeFund.net reports. The firm has hired Davidson Kempner Capital Management’s James Donath to manage the new vehicle. Donath joined the $3 billion firm in November.
It is unclear what the initial assets of the credit fund will be.
The new fund will employ an event-driven approach to distressed debt. It will invest in the U.S., Europe and Asia.
Karsch will charge 1.5% for management and 20% for performance. There is a $1 million minimum investment.
May 27 2015 | 2:15pm ET
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