{"id":17239,"date":"2010-08-17T06:33:32","date_gmt":"2010-08-17T10:33:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=17239"},"modified":"2010-08-17T06:33:32","modified_gmt":"2010-08-17T10:33:32","slug":"nikolaus-bets-on-default-surge-as-slower-recovery-boosts-distressed-debt","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2010\/nikolaus-bets-on-default-surge-as-slower-recovery-boosts-distressed-debt.html","title":{"rendered":"Nikolaus Bets on Default Surge as Slower Recovery Boosts Distressed Debt"},"content":{"rendered":"<p>Bloomberg &#8211; Nikolaus &amp; Co. LLP, a restructuring specialist established in Germany in 2001, is raising as much as $50 million to invest in distressed debt as it bets a slowing recovery will lead to \u201cunprecedented\u201d defaults.<\/p>\n<p>Nikolaus\u2019s Alloro Global Special Situations Fund will be based in London and marks the firm\u2019s first expansion into hedge- fund management. The fund will focus on Europe, the former Soviet Union and Latin America and will target debt sold by telecoms, manufacturing and financial companies, said Chief Investment Officer Stefan Benedetti.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2010-08-17\/nikolaus-bets-on-unprecedented-defaults-in-expansion-to-distressed-debt.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Nikolaus &amp; Co. LLP, a restructuring specialist established in Germany in 2001, is raising as much as $50 million to invest in distressed debt as it bets a slowing recovery will lead to \u201cunprecedented\u201d defaults. Nikolaus\u2019s Alloro Global [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17239","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=17239"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17239\/revisions"}],"predecessor-version":[{"id":17240,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17239\/revisions\/17240"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=17239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=17239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=17239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}