Entries tagged "William Street Capital Management"
Turmoil in the debt markets has been hitting hedge funds where it hurts for months, but in a contrarian play, Bloomberg is reporting that former Lehman Brothers Inc. executive David Sherr is opening a hedge fund to trade today's most toxic investments: mortgage bonds and asset-backed securities. The Lehman veteran's new fund, One William Street Capital Management LP, plans to start off with over $1 billion in capital, including backing from his former employer. ...