Friday, 9 October 2015
Last updated 11 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…