European debt market loses yet more leading players

Europe's distressed debt market lost one of a dwindling number of players focused on European debt this month as Gary Klesch announced the closure of Klesch & Co's $15m European Distressed Debt Fund.

The closure, attributed to losses connected to WorldCom and lack of investment opportunities, leaves few competitors ' ADI and RAB Capital being two notable survivors ' in a European debt market finding fewer profitable trades to exploit.

In May, Klesch told a London conference of hedge fund managers

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here