New breed of buyers for distressed assets emerges

Once the playground of hedge funds, distressed assets are attracting more interest from private banks, boutique firms, local players, sovereign wealth funds and institutions.

The question of who will be among the new breed of distressed asset buyers was one of the topics raised at the AsianInvestor- and FinanceAsia-sponsored Distressed Troubled Asset Investing Summit last week. After all, many hedge funds focused on distressed assets have been struggling since the onset of the global financial crisis.

It was concluded that the financial industry landscape has changed completely and that new players are definitely coming on board. We can expect to see...

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