The prospect of a Donald Trump presidency has thrown financial markets around the world into turmoil. But distressed debt investors are at their most comfortable when the news is negative and one such investor told FinanceAsia he was sanguine about the next four years.
Trump’s anti-free trade stance will likely cause increasing volatility in asset prices, giving funds more chance of snapping up the debt of troubled companies as cheaply as possible, said seasoned investor Rajath Shourie at Los Angeles-headquartered Oaktree Capital Management.
“There is more chance of some interesting dislocations that people don’t expect, which tend to create opportunities in distress,” Shourie, the global...
¬ Haymarket Media Limited. All rights reserved.
