E&Y Vet Preps $100M Distressed Hedge Fund

While some hedge funds are holding off on launching new products in a difficult fundraising environment, one New York-based shop is going full-speed ahead with a distressed credit offering.

Creditor Liquidity Solutions is readying an eponymous $100 million hedge fund for launch within the next two months, focusing on bankrupt U.S. company debt, including senior, mezzanine, and unsecured positions.