Fund launches & closures

Tribridge kicks off special sits product

by

Tribridge has just launched its Asian Special Situations Fund with about $19 million in initial assets under management. The firm, which now manages about $313 million, is headed by Eugene Kim as CIO, with John Liptak as portfolio manager.

The new fund will focus on 'stressed' investment opportunities, such as undervalued quality credits; distressed opportunities, particularly default credits; and event-driven credit plays.

The fund will operate as a traditional hedge fund and will not invest in private equity or direct lending. The liquidity of underlying investments will be a major factor in investment selection and position size.

The