A Barclays sign is seen outside a branch of the bank in London, Britain, February 23, 2017. Photo courtesy REUTERS/Stefan Wermuth - RTSZZTM
Glendon targets $2 bln for reserve fund
First close expected this month
Firm formed in 2013 by Barclays executives
Glendon Capital Management, a Barclays spinout that invests in distressed debt, is raising up to $2 billion for a reserve fund that could be activated in a market downturn, a source with knowledge of the process told Buyouts. Glendon may amass ...