Restoration Capital Management is making hay while the sun
shines by shorting stressed companies. The portfolio managers,
Pamela Lawrence and Ivona Smith, expect to take advantage of
more distressed investment opportunities later this year.
The $500 million fund, which typically has a long bias,
netted 36 basis points in March after returning 3.22% in
February. The fund has gained 4.16% for the year. By
comparison, the Absolute Return...