Karsch Readies Distressed Debt Fund

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of