Brigade opens new distressed fund
By Suzy Kenly Waite
Mon Apr 18, 2011
The firm expects the strategy to reach $125 million by June.
Brigade Capital Management, which managed $4.51 billion in
its flagship long/short credit strategy as of January 1,
recently opened a new distressed strategy to investors.
Co-founder Don Morgan and portfolio managers Ivan Krsticevic
and Ben Renshaw have been overseeing the Brigade Distressed
Value Fund with $30 million in partner capital since January 1,
which generated a net return of 3% through March. The fund
opened to external investors this month. Brigade
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