Karsch taps Davidson Kempner pro for maiden credit fund
February 23, 2010
The $3.3 billion long/short and long-only firm is preparing to launch a credit fund in Q2, and has tapped an ex-Davidson Kempner managing director to oversee the new offering.
Karsch Capital Management, which manages $3.3 billion in long/short, long-only and managed accounts, is preparing to enter the credit arena for the first time. The firm will launch the KCM Global Credit Opportunities Fund in the second quarter this year, and has tapped former Davidson Kempner Capital Management managing director Jame Donath to oversee the strategy.
KCM Global Credit will invest in event-driven long and short opportunities in senior distressed bank debt...
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