Tuesday, 4 August 2015
Last updated 9 min ago
Sep 4 2007 | 2:39pm ET
On Wall Street, disaster and opportunity are often one and the same. So as the U.S. subprime mortgage crisis drags down the credit market, the distressed-debt space is starting to get a little crowded.
New York-based alternative asset manager Eos Partners is joining the scrum, planning a distressed debt hedge fund for launch this fall. The firm hopes to raise between $750 million and $1 billion and will focus on European middle-market acquisitions, Financial News reports. Matt Meehan will manage the fund.
Eos manages some $2.5 billion in hedge and private equity funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…