Hedge Funds

Chatham launches with over $100 million

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Chatham Asset Management is set to be one of the bigger launches in the second half of this year. The firm recently opened its doors with over $100 million in assets under management. The new hedge fund shop, which focuses on high yield, was started by Larry Buchalter and Anthony Melchiorre. Buchalter was formerly a partner at Goldman Sachs, and Melchiorre, a managing director at Morgan Stanley and head of high yield bond trading. The duo rolled out the Chatham Asset Partners High Yield Fund last month. The fund was launched with $103.5 million with an additional $25