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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note