“There’s always someone in trouble,” notes William Vrattos, a partner at York Capital. “There are always holders of debt who really aren't in the business of owning defaulted securities and helping companies figure out a stable capital structure going forward. That offers opportunities to people like us day in and day out.”
Vrattos is portfolio manager with CEO James Dinan and chief investment officer Daniel Schwarz of the York Credit Opportunities Fund.
Since inception in February 2001 the fund,
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