Luminous Capital
Distressed credits offer a fertile hunting ground for managers looking to take advantage of the fallout from the credit crunch. Hedge Funds Review talks to one manager who is exploiting the situation.
When Eric Harrison joined Luminous Capital in July 2008 as head of portfolio construction and alternative investments, his first order of business was to create a strategy to exploit what he viewed as the most important investment theme of the next several years: distressed credit.
Harrison sees the credit markets being driven by forced sellers seeking to unload toxic assets at discount prices.
The process is unlikely to be orderly. He believes there will be a series of sudden capitulations
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