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...credit hedge fund Beach Point....
...The Barclay family, which lost ownership of the Telegraph Media group last year after lender Lloyds Banking Group took control of the distressed debt, said on Tuesday that Carlyle would provide £85mn of...
...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
...Emerging markets specialist Gramercy, which made big profits a year ago on distressed developer debt in China, has scented an opportunity to repeat the trick and has bought back into the sector....
...The concern is that the redemption constraints imposed by private debt fund managers can pressure LPs balance sheets and fuel some contagion....
...Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers....
...That gave private equity buyers more flexibility when it came to taking on more debt and less visibility into a company’s financial health for the buyout groups providing said debt....
...Its leading clients, Cargill, Tyson Foods and JBS, cancelled many contracts, the Packers chief executive retired, and the trading price of Packers’ loan debt sank to distressed levels....
...The time is right to snap up “bargains” in financial markets following a widespread sell-off, according to Howard Marks, one of the world’s most formidable distressed debt investors....
...multiple funds....
...said the head of one Sequoia LP, a sovereign wealth fund....
...The former’s Larry Fink went on to master the retail investment marketplace with cheap mutual funds. His firm now manages almost $10tn....
...IMF targets include indicators derived from the Fund’s debt sustainability analysis — for Zambia, external-debt-to-exports and external-debt-service-to-revenue ratios — as well as the closing of balance-of-payments...
...Take it from us — at DD, we encounter more than our fair share of masters of this particular craft. Enter Henry Timms....
...their public debts or investing in public health, education and infrastructure.”...
...It also represents distressed debt vultures fighting with troubled companies....
...Milken’s cameo at the Jefferies dinner hinted at an emerging arbitrage as private equity firms buy back distressed-priced debts in companies they own....
...In the years before the Neiman case, distressed debt funds were flush with cash but found few good opportunities. As a consequence, players adopted sharp tactics against each other....
...The acquisition of New York-based Angelo Gordon, one of the largest investors in private credit markets and a savvy distressed debt player, will be predominantly made in stock....
...Despite public debt and equity market indices each falling around a fifth in 2022, Blackstone’s private portfolio did hold up, at least according to their own marks....
...Oaktree has expanded beyond its roots in distressed debt and now invests across credit, private equity, real assets and publicly listed equities....
...Global distressed funds saw an opportunity and bought some of the riskiest debt, gambling that the government would not let its second-largest lender collapse and would instead arrange a merger with its...
...It was enough to send the debt higher. But not high enough: It’s still mostly deep in distressed territory, signalling trouble ahead....
...Vice Media’s most consequential financing turned out to be a $250mn senior secured loan that was led by another hard-edged fund, Fortress Investment Group, in 2019....
...We’re seeing huge moves by companies like [hedge fund] Citadel and [founder] Ken Griffin,” says Pérez....
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