US distressed debt funds look to euro crisis for opportunities
Stressful situations
After two impressive years during which distressed and stressed debt investors achieved returns in the high teens and low twenties, the party could be over for traditional players.
According to the Thomson Reuters 2010 Distressed Debt and Bankruptcy Restructuring Review, the global market shrank by 6.2% last year with $305.1 billion of deal activity. With the Standard & Poor’s/LSTA US Leveraged Loan 100 Index already touching its highest level since the end of 2007, the general rally in fixed
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