Managers launch distressed debt funds

A growing number of asset managers have launched distressed debt funds in an attempt to reap the benefits of valuation discrepancies caused by the fallout from the US subprime mortgage crisis.

California-based asset manager Trust Company of the West recently raised $1.56 billion to set up a fund investing in US mortgage credit. Meanwhile, at JP Morgan in New York, special situations partner Jonathan Katz has left the firm to set up a fund that will invest in distressed assets.

California-based

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: