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Latest Distressed News in Europe

Latest Distressed News in Europe

October 2020: BlueBay has hired Adam Philips, a distressed debt veteran, to run Developed Market Special Situations. He was previously CIO at Blantyre Capital. This can only mean that they are preparing for the next default wave. Seaport, the broker, has hired Ropert Lepone as Read More

European Distressed Debt Funds

European Distressed Debt Funds

Last updated: 8 October 2020

Book Review: The Most Important Thing by Howard Marks from Oaktree

Book Review: The Most Important Thing by Howard Marks from Oaktree

The Most Important Thing: Uncommon Sense for the Thoughtful Investorby Howard Marks founder of Oaktree Book review by distresseddebt.com Why would you want to read this book? The main reason is that Howard Marks is the (co-)founder of Oaktree, the golden standard among distressed debt private Read More

Guide: Timing – when is the right time?

Guide: Timing – when is the right time?

Chen et all from Morgan Stanley in their paper “The Distressed Corporate Debt Cycle from a Hedge Fund Investor’s Perspective” (http://www.iijournals.com/doi/abs/10.3905/jai.2008.708848 )recently discussed the 3 stages in a credit cycle: deteriorating, improving and flat and performance of distressed debt in each of these measured over 3 Read More

Guide: 8 reasons why the girl next door is speaking to distressed debt managers

Guide: 8 reasons why the girl next door is speaking to distressed debt managers

There are a number of factors that distinguish distressed debt from other assets classes.   These are also reasons why distressed debt can offer better risk adjusted returns compared to traditional asset classes.   This however should not be read as distressed debt being a low risk strategy, to Read More

Guide: Distressed debt history

Guide: Distressed debt history

by distresseddebt.com, August 2009 updated Sep 2020 Short history – what history? Distressed debt is a relatively young “asset class”, especially in Europe.  While there is no hard definition of distressed debt, the most commonly used definition states that a bond is distressed if it’s option adjusted spread Read More

Guide: Introduction to Distressed Debt Investing

Guide: Introduction to Distressed Debt Investing

by distresseddebt.com August 2009 Following the asset valuation meltdown of 2008, numerous well diversified investors are increasing looking at distressed debt.  The reason we are all so interested in distressed debt is because of its returns potential, especially in the current economic environment, where defaults Read More

Distress Investing: Principles and Technique

Distress Investing: Principles and Technique

by Martin J. Whitman, Fernando Diz. Reviewed by distresseddebt.com Distress Investing by Martin Whitman and Fernando Diz is one of the most popular publications in the space of Distressed Debt investing.  Similar to other books on the subject, the key focus of the book is the Read More