Event-driven managers King Street Capital Management and Davidson Kempner Capital Management are both accepting new capital from investors as they ready for an upswing in distressed and other event-driven opportunities later this year or in 2009.
New York-based King Street, which manages close to $14 billion, mostly in a multistrategy event-driven fund, is selectively open to new investment, an investor said.
The firm, which focuses on long/short credit and...