Sunday, 21 December 2014
Last updated 14 hours ago
Oct 1 2007 | 3:25pm ET
JPMorgan is losing special situations partner Jonathan Katz, who is setting out to open his own hedge fund shop next year.
Katz will take his distressed bank and high-yield debt trading experience from the Special Situations Investing Fund to the as-yet-unnamed distressed debt hedge fund. Reuters reports he is seeking about $250 million for an early 2008 launch.
Katz told the news agency he expects a large number of opportunities in his chosen sectors in the coming months.
“In a down market environment, we would expect a third to a half of this highly-leveraged paper will have to be restructured,” he said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.