Catrock Capital Management, LLC announces new hedge fund, Catrock High Yield Opportunity Fund, LP.

Richard B. Coons, Founder of Catrock Capital Management, LLC, announces the commencement of the Catrock High Yield Opportunity Fund, LP. The event driven fund employs a strategy of investing in distressed fixed income securities sold into the market for non-economic reasons and well below their true economic value.

Catrock Capital Management, LLC announces the introduction of the Catrock High Yield Opportunity Fund, LP,

(PRWEB) September 2, 2003 -- Richard B. Coons, Founder of Catrock Capital Management, LLC, announces the commencement of the Catrock High Yield Opportunity Fund, LP. The event driven fund employs a strategy of investing in distressed fixed income securities sold into the market for non-economic reasons and well below their true economic value.

The traditional High Yield Bond market is overwhelmingly driven by flows of funds in and out of the market, and arbitrary rating assignments which skew bonds and debt into valuations well below and sometimes above their true intrinsic value. The Fund will employ short techniques at the opportunistic occasion that this occurs. The Fund seeks Total Return from both Current Yield and Principal Appreciation.

Coons has 21 years direct experience investing, having been a founding senior trader of high yield and distressed at both Morgan Stanley and Goldman Sachs. Most recently, he was head of High Yield Investing at the U.S. Trust division of Charles Schwab and Co, where he successfully employed these strategies in a long only, public format for the past three years.

During his successful sell side trading career, Coons worked alongside as a peer other notable hedge fund investors David Tepper of Appaloosa, Jonathan Kolatch of Redwood, Alan Cohen of York Capital, and David Matlin of Matlin Patterson.

Mr. Coons is leading a team of analysts with in excess of 70 years experience in distressed and high yield investing. Mr. Coons is a 1977 graduate of the Wharton School of the University of Pennsylvania, where he received a Bachelor of Science degree in Accounting and Multinational Enterprises. David E. Erb(23 years experience in Fixed Income) and Joel W. Miller(30 years ) join the Catrock.

The Funds performance has an annual absolute return objective of 12-15%, after all fees. The
Fund is designed to deliver consistent monthly returns regardless of market conditions, with low volatility, and low correlation to traditional stock and bond markets.
    
The Fund manager employs stringent risk management procedures. Catrock will provide 100% transparency for each investor and uses sophisticated risk management tools, such as Value at Risk, to further strengthen the risk management process on top of the rigorous financial modeling done by its analysts on each credit invested in. In addition, Catrock will be priced by third party information providers with daily updates.

In addition, Catrock will provide updates to third party metric databases at investors direction to enable them to perform qualitative and quantitative analysis, rigorous manager due diligence, and ongoing monitoring at both the individual fund, and fund of funds level.

Catrock Capital Management, LLC is located at 210 Elmer Street, Westfield, NJ 07090.
Contacts: Richard Coons 908-654-0033, Fax 309-420-3446, Email rcoons@catrock.org.