Tuesday, 13 October 2015
Last updated 45 min 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…