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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...