altmans-vintage-year-for-distressed-is-slightly-corked

AltmanÆs vintage year for distressed is slightly corked

The quivering heaps of toxic debt are being alleviated by government stimulus and unprecedented liquidity.

It's a case of reverse schadenfreude as distressed managers feel cheated by the financial market recovery and the liquidity boom sours their well. While most hedge funds and asset management firms are quietly or massively bullish, the distressed-investing community is crying out for a prolongation of distressed-asset opportunities, to allow them to put newly raised funds to work.

In a keynote speech yesterday by Professor Ed Altman at the second AsianInvestorFinanceAsia Distressed and Troubled Asset Investing Summit, he conducted a vox-pop poll that revealed only one person who believed in a V-shaped recovery in a room of hundreds of pessimists.

A spread of 2,046...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222