Browsing: distressed debt

Posts Tagged ‘ distressed debt ’

The Challenges—and Opportunities—of Chinese Distressed Debt

Jan 4th, 2021 | Filed under: Hedge Fund Strategies, Newly Added, Other Issues in Private Investments, Hedge Funds, Private Investments

By Dinny McMahon, Economic Advisor to ShoreVest For the last few years, China has been involved in a slow-moving cleanup of its banking system, creating vibrant distressed debt and special situations opportunities for investors. Those opportunities have been heightened by the pandemic which is forcing banks to accelerate their paceRead More

Distressed Debt: What Happens When the Tree Stops Growing?

Dec 9th, 2018 | Filed under: Hedge Fund Strategies, Newly Added, Event-Driven Hedge Funds, The Global Economy & Currencies, Economics, The A.I. Industry, Macro and Managed Futures Funds, Hedge Funds, Finance & Economics

Distressed debt markets have four themes emerging, according to a new paper issued by the Wells Fargo Investment Institute They are: the consequences of central bank tightenings around the globe; the elevation of debt levels, also something happening globally; the regulatory pressure over non-conforming loans (especially in Europe); and theRead More

Altman: 30 Years of Distressed Debt Strategies

Nov 8th, 2018 | Filed under: Hedge Fund Strategies, Debt Types of Private Equity, Financial Economics Theory, Newly Added, The A.I. Industry, Hedge Funds, Private Investments, Finance & Economics

In the late 1980s, the chairman of The Foothill Group approached Edward I. Altman, already then well known for the creation of the Z-score used for predicting bankruptcy. The chairman asked Altman to develop a descriptive and analytical white paper on distressed debt. He obliged, writing first a paper onRead More

Making Sense of Private Credit Funds

Aug 26th, 2018 | Filed under: Private Equity, Industry Size & Managers, Debt Types of Private Equity, Newly Added, Asset Managers, The A.I. Industry, Private Investments

A new study takes what is called a “first look” at the aggregate performance of private credit funds. Using data going back to 2004, the authors (two of whom are affiliated with Adams Street Partners) determine that private credit funds “have performed about as well, or better than, leveraged-loan, high-yield,Read More

Saudi Arabia: Opening to Distressed Debt Arb?

Dec 22nd, 2015 | Filed under: Newly Added, Insolvency, Event-Driven Hedge Funds, Business News, Hedge Funds

A recent article in The National Law Review says that the Kingdom of Saudi Arabia is about to change its restructuring law in a way that will likely make restructurings more common in that influential country. One implication is that the change will provide alpha-seeking opportunities for investors and tradersRead More

The Second Circuit: A Wrestling Ring for Argentina & Creditors

Aug 9th, 2012 | Filed under: Retail Investing, Alpha Strategies

The Clearing House Association has filed an amicus brief in the NML litigation, effectively acting on behalf of its member banks, arguing that the pari passu language in the bonds issued by Argentina in the 1990s folllowed “standard language included in substantially the same form in numerous credit documents,” and contending that a decision upholding the district court would upset “the long-understood meaning of these clauses in the market.” Read More

Examiner Reports on an Ongoing Family Saga

Mar 19th, 2012 | Filed under: Hedge Fund Strategies, Alpha Strategies

The parent corporation, Dynegy Inc. (NYSE: DYN) did not file for bankruptcy. As of August 31 of last year, Dynegy's only asset was the equity in Dynegy Holdings, which in turn owned various operating subsidiaries. But on September 1, Dynegy Holdings transferred its coal power facilities to Dynegy. Two months later Dynegy Holdings and related entities filed.Read More