Steven Hornstein`s Global Credit.....

Today, October 1st is the launch date for Global Credit Advisors' GCA Opportunities Fund. Opalesque has learned that the long/short high yield and distressed fund will start with a number of initial investors as well as partner capital.

The strategy will focus on both the US and European markets and will launch into a credit cycle that has seen corporate distressed debt climb to higher levels than in 2002. They will be one of the funds looking to answer the growing demand for distressed investing by those moving to the strategy which offers the benefit of participation in the current market environment and the eventual recovery phase of the credit cycle.

Sources with knowledge of the launch say ......................

Source:
Steven Hornstein`s Global Credit.....

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