King Street Preps New Fund

The credit-oriented firm recently told clients a number of high-yield companies “will not make it.”

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

King Street Capital is the latest credit-oriented hedge fund firm raising money to take advantage of what is shaping up to be one of the greatest environments for distressed and other special situations investors in recent memory.

King Street is launching the King Street Tactical Credit Opportunity Fund, according to a regulatory filing.

So

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