Distressed debt hires buck economic trend

Distressed debt desks are recruiting in droves, despite early signs of economic recovery. The surge in demand for distressed debt specialists, who have always been in short supply in Europe, is driven largely by the market’s anticipation of increased German insolvencies over the next two years.

As a consequence, distressed debt analysts with German expertise – and especially German speakers – can expect a premium for their services. Hedge funds are likely to be the main employers