Alpstar, a credit fund specialist based in Geneva, Switzerland, forms “Strategic Asset Recovery Group”, whose focus is on the restructure and recovery management of distressed fixed income assets for pensions and insurers .
“Throughout the European continent, many fixed income investors, especially those in high grade, are now finding that their portfolios, on average, have fallen below investment grade – in some cases substantially so” says Michael Curtis, senior credit analyst.
“These managers clearly need assistance to carve out and restructure these distressed assets, so that value can be captured in any recovery scenario. In some cases, we have been asked to add additional distressed assets where the value is obvious, as a way of making a play in the sector as well.”
L.D.