
Research
Hedge Funds Aimed at Ailing Companies Will Do Well, Agecroft Says
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
Private debt fundraising has stagnated in the first half of 2022 amid an economic backdrop of rising rates, and a slowdown of global growth.
Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies.
Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area.
Bank lending to heavily indebted companies will blow up once the economy goes south, Brian Moynihan warns.