Following on from yesterday’s news that hedge funds now dominate the market for US distressed debt, making the market far more aggressive and volatile for companies in trouble, a report has revealed that the Americans are planning to target Europe this year.
A survey published by data provider Debtwire, law firm Cadwalader Wickersham & Taft and bank Houlihan Lokey Howard & Zukin says that the paucity of US distressed debt and opportunities here will make Europe the hotspot for distressed debt trading in 2005.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
