Saturday, 20 September 2014
Last updated 18 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.