Pardus Prepares To Launch Distressed Fund

May 5 2010 | 11:51am ET

Pardus Capital Management is planning a new corporate debt hedge fund.

The new vehicle would invest primarily in fulcrum debt, post-reorganization stocks and activist equity positions in the U.S., Europe and Latin America, HedgeFund.net reports. It will be more diversified that the firm’s existing fund, which invests much of its $1 billion in assets in just two technology companies.

Pardus recently added a senior analyst to cover distressed investments in Europe. Lutz Strober joined the New York-based activist shop last month.

The new Pardus fund will be seeded with between $15 million and $20 million by the firm.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...