Monday, 26 January 2015
Last updated 3 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.
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…