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Emma Trincal, Senior Financial Correspondent. "MatlinPatterson Launches First Hedge Fund." Daily News (New York, NY). McClatchy-Tribune Information Services. 2007. HighBeam Research. 24 Mar. 2016 <https://www.highbeam.com>.
Emma Trincal, Senior Financial Correspondent. "MatlinPatterson Launches First Hedge Fund." Daily News (New York, NY). 2007. HighBeam Research. (March 24, 2016). https://www.highbeam.com/doc/1P2-10026909.html
Emma Trincal, Senior Financial Correspondent. "MatlinPatterson Launches First Hedge Fund." Daily News (New York, NY). McClatchy-Tribune Information Services. 2007. Retrieved March 24, 2016 from HighBeam Research: https://www.highbeam.com/doc/1P2-10026909.html
NEW YORK (HedgeWorld.com) - MatlinPatterson Global Advisors, a $3.85 billion private equity shop specializing in distressed investing, last month made its first foray into hedge funds with the launch of the MatlinPatterson Distressed Opportunities Fund.
David Matlin and Mark Patterson, two ex-Credit Suisse First Boston proprietary desk traders, founded MatlinPatterson in 2002 after working together at Credit Suisse since 1994. Their firm is known as the distressed shop that took part in the restructuring of WorldCom, which went bankrupt in 2002. In the deal, MatlinPatterson became WorldCom's largest creditor and helped it emerge from bankruptcy.
Credit Suisse invested in the spin-off, taking part of the proceeds. …
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