With the default rate rising to a ten-year high in recent months, the U.S. secondary loan market has seen a commensurate increase in distressed trading volume. Although today’s distressed trading volume is far lower than the peak of $45 billion experienced during the 2008–09 “Global Financial Crisis”, there nevertheless has been a very sharp increase....
A decade after the last credit crisis, our market has grown exponentially by every measure: notional traded, market participants, trade count and trade allocations, to name a few. However, there is one area that hasn’t grown: the size of operations and legal teams, who are primarily responsible for closing distressed trades and managing the sizeable...
A decade after the last credit crisis, our market has grown exponentially by every measure: notional traded, market participants, trade count and trade allocations, to name a few. However, there is one area that hasn’t grown: the size of operations and legal teams, who are primarily responsible for closing distressed trades and managing the sizeable...
