Distressed managers to feel the pinch as deals dry up after stellar 2003

Distressed debt

Distressed is no longer the land of opportunities it was last year and is set to become an increasingly difficult strategy to operate, according to managers in the strategy.

It is overcrowded with buyers, with opportunities lacking and decreasing, say managers.

But the situation could improve for dedicated players towards year's end and into 2005 as opportunist managers who entered distressed to capitalise on 2003 fail or move to other strategies.

Pure distressed is a rare thing right now, acco

To continue reading...

You must be signed in to use this feature.

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: