Friday, 28 August 2015
Last updated 6 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.
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…