Boom time for distressed debt
Investors in European distressed debt are enjoying rich pickings this year. But it is a risky business. Lisa Cooper finds out which types of investments could make them a fortune – and which could lose them one.
With downgrades outnumbering upgrades by eight to one in Europe over the last 18 months and high-profile companies collapsing in quick succession, it is hardly surprising that banks and hedge funds have been busy establishing new funds and proprietary investment units to take advantage of the spoils by buying up European distressed debt.
Distressed debt investors (sometimes disparagingly
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 print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
Fishwick hands over BlackRock CRO role, Citi expands Asia FX team, and more
Latest job changes across the industry
Nomura shuffles risk methodology team
Epperlein takes advisory role six months after Japanese bank’s FRTB IMA go-live
Andy Ross leaves StanChart
CurveGlobal veteran confirms his departure as bank’s global head of prime brokerage
People moves: BofA’s new markets heads, Barclays takes SG’s Mastrangelo, and more
Latest job changes across the industry
People: BNY taps Nasdaq CRO for enterprise risk role, Hoornweg steers StanChart CIB solo, and more
Latest job changes across the industry
People: Nomura’s rates rebuild continues, DB USA’s new CEO, and more
Latest job changes across the industry
JP Morgan’s credit structuring head departs
Denis Gardrat will head infrastructure investor Rivage Investment’s UK unit
UBS sterling rates head joins RBC Capital Markets
Ian Hale joins the Canadian bank as head of European inflation trading
