Hedge Funds Move Away From Distressed Debt
Distressed debt is losing ground with hedge funds as there is less and less room for price appreciation. Otherwise, hedge funds are following the same strategies and using the same asset classes as they were three years ago, according to a JPMorgan’s Global and North American Heads of Prime Brokerage Kumar Panja and John Cotronis. Although competition to attract institutional investors was putting pressure on performance fees, they found that most hedge funds were growing steadily, hiring more people, and generally optimistic about the next few years.
“The . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible