Fortress Hedge Fund Seeing ‘More Cracks’ in Credit Markets
Bloomberg posted on Wed 17 Feb 2016 Permalink Print
The Fortress Investment Group LLC fund that has predicted an Asia credit meltdown to rival 1997 says it is seeing more warning signs.
“Returning to the creaking ship analogy that we have used previously, more cracks are appearing in the hull of the good ship ‘Credit,’” David Dredge, Singapore-based chief investment officer for the Fortress Convex Asia Fund, wrote in a December letter to investors.
