W.R. Huff vets to launch distressed fund

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A group of investment professionals from W.R. Huff Asset Management launched their own firm earlier this year and will start trading a hedge fund in August.

Washington Corner Capital Management was co-founded in the first quarter by Ed Banks, former head of Huff's alternatives business, as well as Matt Swope and Michael Fisher.

The firm's first fund, Washington Corner Flexible Credit Fund, is expected begin trading on August 1 with $200 to $250 million.

The fund will target distressed companies and special

situations by investing mainly in corporate credits. It will also be able to invest in other parts