Mutual Funds Investing In Distressed Debt

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Why Hedge Funds Love Distressed Debt
In general these forms can be broken into three methods: the bond market, mutual funds and the distressed firm itself ... but there are still plenty of ways for a regular investor to invest in distressed debt. After identifying distressed debt, the.

Finding potential for debt in distress
Little cash has actually been drawn down to buy distressed debt thus far. "There have been a lot of funds raised," said Michael Embler, chief investment officer for the Mutual Series funds of Franklin Templeton. "Most of the money has not been deployed.

Distressed debt funds turn activist to rescue U.S. energy bets
NEW YORK, Nov 9 (Reuters) - Distressed debt ... hedge funds are calling for representation on boards of directors, as Strategic Value Partners did on Sept. 13 with Penn Virginia Corp. Such demands mark a further departure from funds' short-term investment.

Avenue Income Credit Strategy: Distressed Credit Investing At A Discount
Avenue Capital Group is a pioneer in distressed credit investing that was founded in 1995 by Mark Lasry and Sonia Gardner. It manages about $14 Billion in total and invests in the public and private debt and ... Avenue's TFCIX mutual fund when it was.

Third Avenue Distressed Debt Fund
On the flip side, 2009 has been a much better year for the fund. Third Avenue has been investing in distressed debt for many years in its other mutual funds, but now it is opening a bond fund to invest in a broad spectrum of troubled debt instruments.

Sebi widens probe into mutual funds' distressed debt exposure
MUMBAI: Amid rising concerns over mutual fund investors' exposure to distressed corporate bonds, regulator Sebi has widened its probe and has sought fresh details from the fund houses on such investment ... to its exposure to debt securities of debt.

Bottom-fishing distressed funds are tasty bait
In the world of hedge fund investing ... While distressed-debt strategies returned about 2.5% in 2002, the style's 15-year average of 17.8% is actually better than the 11% for the Standard & Poor's 500 stock index, 8.5% for the average equity mutual.

Distressed debt funds turn activist to rescue U.S. energy bets
NEW YORK, Nov 9 (Reuters) - Distressed debt ... hedge funds are calling for representation on boards of directors, as Strategic Value Partners did on Sept. 13 with Penn Virginia Corp . Such demands mark a further departure from funds' short-term investment.

Distressed Debt Funds Turn Activist to Rescue U.S. Energy Bets
NEW YORK (Reuters) - Distressed ... investment approach, given funds must agree not to sell shares in the open market as long as their representatives sit on the board. To be sure, calls for board seats and other actions can face resistance and distressed.