Karl van Horn, chairman of London-based Arlington Capital Management, will launch a fund geared to take advantage of European corporate restructurings.
Mr. van Horn hopes to raise $50 million from Japanese investors this fall into early next year, then will approach European investors.
Restructurings ``clearly will be the dominant story in Europe for the next decade,'' Mr. van Horn said. ``Europe today is where America was in 1985, roughly.''
The fund will invest largely in publicly held small- and medium-sized companies in Western Europe plus Hungary, Poland, the Czech Republic and the Baltic states.