(Reuters) A number of companies financed in Europe’s leveraged debt markets have attracted the attention of global hedge funds, which are lining up money in preparation to profit when the impending downturn hits. Syndicated loans in struggling companies have lost up to a quarter of their value within a six week period since the end of the first quarter and as much as half their loan value since the end of the third quarter in 2018, according to LPC data.
Hedge Funds Target European Loans As Downturn Looms
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