JPMorgan’s Katz Plans Distressed Debt Fund

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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

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

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...