Goldman Sachs Vet Launches Credit, Event-Driven Hedge Funds

Tom Wagner, a former managing director and co-head of special situations at Goldman Sachs, has launched a pair of hedge funds to invest in distressed credit and event driven opportunities.

Wagner’s New York-based Knighthead Capital this month launched the Knighthead Domestic fund and a Cayman Islands version, Knighthead Offshore, with reported combined total assets of US$700 million.