SC Lowy Financial Services said late last week that it has opened for business in Hong Kong. Founding partners Michel Lowy and Soo Cheon Lee previously led Deutsche Bank's Asian distressed products group and have over 10 years of experience investing in distressed and illiquid investments in Asia.
Their team is also made up of other Deutsche alumni, and lawyer Jamie Tadelis who joins from the hedge fund Abax Global Capital.
Distressed debt specialists are the mud-larks of the investment world. They scavenge for uncut gems amid the detritus and waste left behind when the estuarial tide ebbs -- that is, when companies struggle to meet their loan or bond repayments as their operational...
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