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...