Distressed is hot spot in event driven as merger arbitrage fails to deliver

distressed securites

The US continues to be the main market for distressed debt managers, with Europe running a relatively immature second.

There are many more opportunities in the US because of the tried-and-tested Chapter 11 process, according to Derek Stewart, co-founder of Mellon Global Alternative Investments.

"Europe is not one market - each country has its own regulatory process so there are not as many opportunities, but there are not as many players either," he says.

"There is more certainty of the outcome in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

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 individual account here