Performance profile: MatlinPatterson surges

Wed Jul 30, 2008



The word distressed can be used to describe more than just the strategy many hedge funds are pursuing these days. For most fund managers, the adjective could also describe recent performance. In the case of the MatlinPatterson Distressed Opportunities Fund, however, results are actually proving a source of excitement.

In May, the $300 million fund, which focuses on bank debt, credit, equities and credit default swaps, returned 10.84%,...

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