Risk.net

Europe's managers find joy in their own distress

distressed debt

  • By solomon teague
  • LinkedIn  
  • Save this article
  • Print this page  

There is plenty in the market to occupy bankruptcy-watching hedge funds, with Dow Jones calculating distressed debt to be the year's top performer year-to-date (YTD). It gained 1.36% in August, and an impressive 5.41% YTD. Yet default rates have been low for the past 18 months, and currently are at all-time lows of about 1.5%-2% per year.

Chris Jones, chief investment officer (CIO) at London fund of hedge fund (FoHF) group Key Asset Management, sees a migration of business away from the

To continue reading...

More on Hedge funds

Most read on Risk.net

  1. Japan dealers unhappy with all Libor fallback options
  2. ‘Cover 2’ reserves inadequate for many CCPs – study
  3. Q&A: CFTC’s Quintenz talks bitcoin, Nasdaq breach, algo trading
  4. FRTB spurs data mining push at StanChart
  5. How to stress-test portfolios for Brexit and trade wars

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: