K Capital Partners of Boston, the $3 billion European
event-driven firm founded by Thomas Knott and Abner Kurtin, is
offering investors in its troubled multistrategy funds a deal
aimed at recouping their losses through the firm's
high-performing single-strategy portfolios.
The chance to move capital without penalty was outlined
in a detailed letter sent to investors after a disastrous
November, in which K Capital, the firm's flagship multistrategy
fund, lost roughly 10.5%.
The decline brings the fund's...