Hedge Funds

Rohatyn plans fourth special opps fund


Nicolas Rohatyn's eponymous Rohatyn Group, with $1.5 billion in assets under management, is launching a fourth special opportunities fund.

Portfolio manager Miguel Gutierrez will run the new fund, which will be global in scope and will invest in distressed debt, mid-cap stocks, real estate and private equity. The New York firm's latest launch is slated to take place sometime in the fourth quarter.

Separate, Brian Lippey, until June Rohatyn's president and chief operating officer, is putting the finishing touches on his own new venture, a pan-Asian, Japan-focused fund that is slated to begin trading in January 2006

The fund