Inevitably the fall-out from 11 September has brought opportunity, with one fund manager describing it regretfully as a 'perfect storm' for managers of bond hedge funds.
In New York, distressed debt fund manager, Phillip Schaeffer says: 'Unfortunately for the macro markets and from a US citizenship perspective, there has been a significant increase in the amount of debt trading of distressed levels. This creates opportunities because our investment universe has increased.'
According to Moody's In
The week on Risk.net, December 2–8, 2017Receive this by email