Reuters is reporting that the private equity fund, MatlinPatterson LLC, has launched a USD500 million hedge fund. The new Distressed Opportunities Fund will be the first hedge fund founded by investors David Matlin and Mark Patterson. MatlinPatterson specialise in buying
Reuters is reporting that the private equity fund, MatlinPatterson LLC, has launched a USD500 million hedge fund. The new Distressed Opportunities Fund will be the first hedge fund founded by investors David Matlin and Mark Patterson.
MatlinPatterson specialise in buying the publicly traded debt of companies and swapping it for equity.
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