Hold your horses! debt managers advise
While distressed debt is set for a sweet spot later in 2007 some are cautioning not to jump into the strategy too early, as David Walker found out
Hold your horses, say allocators to distressed debt. While the strategy has been tickling many an allocator's fancy of late, experts in the field are saying the best is yet to come for investors as companies move from being stressed in the first half of 2007, to being distressed in the second half and into 2008.
The 'holding period' before distressed is expected to hit its straps later in 2007 has not stopped new launches being planned for the event-driven strategy by funds of hedge funds
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