Tag Archives: distressed-debt
Onex to float IPO on distressed-debt fund
Report On Business – Onex Corp. is offering retail investors a chance to put their cash beside its executives’ money in a distressed-debt fund that has recently delivered eye-popping returns. The country’s largest private equity firm said yesterday that it […]
Hedge Funds Trade Lehman Bankruptcy Claims
BusinessInsider – Hedge funds and investment banks are trading Lehman bankruptcy claims. And it’s not just a matter of a couple of distressed debt funds buying the claims—it really looks like they are being actively traded. Credit Suisse, for instance, […]
Hedge funds to buy EDF’s Eggborough power plant
Reuters UK – Lenders to Eggborough, a large coal-fired power station, have exercised an option to acquire the plant, owner EDF said on Thursday. The lenders, which include Bluebay’s distressed-debt fund, gained the right to acquire the 1,960 MW station […]
Daniel Loeb’s Third Point Q2 Investor Letter
CNBC Stocks – The hedge fund says that with a “doomsday scenario off the table” in the second quarter, it put capital to work in distressed debt and significantly undervalued turn-around situations. In terms of asset allocation, the fund reports […]
Clock Ticking on Accord to Sell Good GM Assets
New York Times Blogs – In his court testimony on Wednesday in New York, Mr. Wilson — formerly a senior executive of Silver Point Capital, a hedge fund specializing in distressed-debt investments — described some of the negotiation process that […]
BTIG to Expand, Hires 4 High Yield Experts
West Palm Beach (HedgeCo.net) – Institutional brokerage and hedge fund services company BTIG LLC, announced the further expansion of its Global Fixed Income Group with four new hires. The Global Fixed Income Group was launched in February of this year […]
Persky’s Dalton hedge fund to bet on distressed debt
Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating […]
Update – Hedge Fund Manager Capitalises On Mispriced Asian Performing Debt
West Palm Beach (HedgeCo.net) – Singapore hedge fund manager, 3 Degrees Asset Management, is launching ADF Prime Ltd, a credit opportunities fund that will invest primarily in the performing debt obligations of Asian companies that have been mispriced as a […]
February Hedge Fund Performance
West Palm Beach (HedgeCo.net) – Morningstar reported a sharp decline in credit and equity markets as the U.S. government announced its stimulus package and financial stability plan. February saw a huge sell-off in U.S. and European bank stocks caused by […]
Distressed debt funds line up new year raids
Telegraph.co.uk – Industry sources say private equity and distressed debt specialists have raised about $26bn (£17bn) since the start of October, with some 80pc coming from hedge funds. Distressed debt funds, which buy debt that is trading at a discount […]
Hedge Funds Lower Fees, Lengthen Investor Lockups
Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy bonds after prices fell in Asia. Merrill […]
