Hedge Funds Mostly Leery Of Bankruptcy Filings

Law360, New York (January 20, 2009, 12:00 AM EST) -- Though worries over impending bankruptcies have led most hedge fund managers to pull back from investments in troubled companies, a handful of funds are looking to turn a profit on insolvent companies through the court-administered proceedings, according to a new report.

In the midst of the financial crisis, 75 percent of respondents said they were concerned that the growing bankruptcy filings could harm the assets their funds hold, according to the HedgeWorld & Dykema 2009 Insolvency Outlook Survey. In 2007, only 60 percent reported similar concerns....
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