Hedge Fund Addiction Could Prove Deadly: Report

Law360, New York (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...
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