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22 November 2010
Conor Houlihan discusses the distressed debt market
Conor Houlihan discusses 'the Distressed Debt Market' at CSFI's round table event on 16th November 2010.
Distressed debt traders, vulture funds – call them what you will. Inefficiency in markets means super profits for those who can exploit those inefficiencies – and the market for the debt of financially troubled corporates (and sovereigns) is both inefficient and lucrative. Returns are said to be north of 20% if Europe, and – according to Prequin – 129 private equity firms are now active in the European distressed debt market. That said, there are also suggestions that – with money pouring into the market – investors may be tempted to overpay.
Either way, this is a big market, but not one that prompts a great deal of public debate
If you would like to know more about Irish Distressed Debt please email Conor Houlihan