Distressed funds eye up Europe

News

While enthusiasm for the US high-yield and distressed debt markets cooled somewhat over the summer, the focus for investors in distressed debt may be set to move to Europe.

US high-yield funds have been posting net outflows since late July, reversing a nine-month trend of strong inflows. And according to AMG Data, a record $2.6 billion flowed out of US high-yield funds in the first week of August.

Many distressed debt investors are now eagerly seeking opportunities in Europe. Ann S

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