(Bloomberg) Diameter Capital has raised about $1 billion to make wagers on company debt, making it one of the largest hedge-fund startups this year, according to people with knowledge of the matter. The firm founded by Scott Goodwin and Jonathan Lewinsohn started investing this month, said the people, who asked not to be identified because the information isn’t public. They are investing in securities across the capital structure including in junk bonds, loans and credit-default swaps. A spokeswoman for Diameter Capital Partners declined to comment.
Diameter Raises $1bn for New Credit Hedge Fund
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