Private Debt Defaults Accelerate; China’s Bond Mess

Private Debt Defaults Accelerate; China’s Bon...

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Davidson Kempner Sees a $770 Billion Stressed Debt Opportunity

US companies with $770 billion in loans are hitting a wall as interest rates stay elevated, according to Davidson Kempner. “We’re in year three of what’s already the longest default cycle in 20 years,” Suzy Gibbons, the hedge fund’s head of research, tells Bloomberg News’ James C ...  Show more

BDC Bond Bust Creates Opportunity for $622 Billion Asset Manager MFS

A retail exodus from business-development companies has dragged their debt to levels that are starting to look attractive, according to MFS Investment Management. “Pressure for redemptions that they’re facing likely ends up creating some opportunities within the public credit mar ...  Show more

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