It is rarely possible to ‘have one’s cake and eat it’, or in other words, to benefit from two, otherwise incompatible strategies. Private markets offer an interesting exception to this, in the form of distressed debt investing. As part of an alternative asset portfolio, this sub asset class can allow investors to reap rewards when more traditional parts of the investment world are ‘going south’.
But such funds have their own peculiarities and the usual metrics for measuring performance must be nuanced and seen in the context of common practices, such as that of recycling distributions.
This edition of Frontline research paper provides an insight into how investors can use eFront Insight data to prepare for an economic winter, even as Spring takes hold!
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Download: Si vis pacem: distressed debt investing