Friday, 30 January 2015
Last updated 32 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…