The question of who will be among the new breed of distressed asset buyers was one of the topics raised at the AsianInvestor- and FinanceAsia-sponsored Distressed Troubled Asset Investing Summit last week. After all, many hedge funds focused on distressed assets have been struggling since the onset of the global financial crisis.
It was concluded that the financial industry landscape has changed completely and that new players are definitely coming on board. We can expect to see more participation from private banks, boutique firms, local players, and even sovereign wealth funds and institutions, according to panellists at the conference.
Another trend involves the changing landscape for intermediaries. As Walter Molano, managing partner...
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