Summary
NEW YORK (HedgeWorld.com) - Large numbers of hedge funds and other managers are raising new distressed investment vehicles and moving portfolio allocations into this area, according to a survey by Debtwire. Almost all respondents said they expect company defaults to increase but are divided on how high the default rate will go.
More than $600 billion in capital is available for investing in distressed situations, according to Mick Solimene, managing director at Macquarie Securities (USA) Inc., an offshoot of the Australian bank.See the full content of this document
Extract
Money Flowing Into Distressed Investing
U.S. private equity firms alone have raised more than $48 billion in 2007, up threefold from 2006. Mr. Solimene said capital is flowing out o...
See the full content of this document
Sponsored links
