Distressed-Debt Losses Worst Since 2008 – “It’s Not Just Energy, It’s Everything”

Tuesday, November 24, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/24/2015

When buy the dip doesn’t work. “Most distressed situations have not worked out in 2015,” exclaims one distressed hedge fund manager facing significant losses on the year, “It wasn’t just energy. It was anything with loads of leveraged debt on it.” As Bloomberg reports, distressed hedge funds dropped 5% in 2015 through October, putting them on pace for their worst year since 2008, when they lost 25%… and November isn’t looking like it will be much better.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter