Karsch Readies Distressed Debt Fund

Feb 16 2010 | 12:24pm 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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...