Chatham morphs leveraged loan fund to special sits
January 27, 2010
“We saw a great opportunity set in the liquid part of the stressed and distressed markets.”
Chatham Asset Management, a $1 billion credit hedge fund firm, is rolling investors from its leveraged loan fund into a new special situations vehicle, citing better opportunities in liquid credits. The Chatham Asset Partners Special Situations Fund is expected to begin trading in March with $160 million from existing investors in the firm’s leveraged loan strategy and the firm has commitments for an additional $40 million set to come in on Feb. 1. Portfolio...
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