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