Column: Robin Keck
Vulture funds, or distressed debt funds as they would prefer you call them, are seeing a wealth of opportunities in the current trying conditions. So why aren't more funds being raised?
Whilst it is galling for those of us struggling amid the bleakest economic outlook we've ever seen, there is one group of professionals enjoying this 'perfect storm' of plummeting asset prices and depressed company valuations within a collapsing economy. The ironically named 'distressed' bankers are doing their best not to be smug, but after spending eight years playing Su Doku at their desks, their time is coming. Of course, we've seen this before in previous economic downturns but the smiles
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