Ahab Answers Distressed Call With New Debt Hedge Fund

New York-based Ahab Capital Management is answering the call for relief in the distressed debt space with a new hedge fund. The $480 million firm next month is launching the Ahab Distressed Debt Fund with $25 million in initial assets.

Ahab’s distressed debt vehicle will focus on companies facing an operational turnaround or bankruptcy restructuring that offer attractive risk-adjusted returns, according to a fund fact sheet obtained by FINalternatives.