Hedge Fund Addiction Could Prove Deadly: Report

Law360 (June 22, 2006, 12:00 AM EDT) -- Credit markets have seen hedge funds increasing their presence in recent years, reflecting an institutional shift that doesn’t show any signs of slowing as companies bid to avoid bankruptcy through quick cash infusions. But that trend may be headed for a showdown if interest rates rise, according to a report released this week.

The Turnaround Management Association's 2006 Trend Watch Poll on credit availability, which surveyed turnaround practitioners, lenders, attorneys, investors, and others in the turnaround profession, found that hedge funds have been playing a rising...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.