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Article: Distressed Investing Seen as Top 2008 Performer
- Article from:
- Daily News
- Article date:
- January 2, 2008
- Author:
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Copyright informationCopyright 2008 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (Reuters) - Investing in distressed securities is likely
to be a top-performing strategy in 2008, a survey of hedge fund
managers released on Wednesday [Jan. 2] found.
The survey of 41 hedge fund executives managing some $227 billion
found that over 20% believe that distressed investing will top the
league tables for the next 12 months.
By contrast, only 10% believed that emerging markets would remain
the top-performing strategy that it was in 2007. Emerging market
strategies generated returns of 22.5% in the 11 months to December,
with Asian investment - mainly China - topping the charts at 33.4%,
according to fund-tracker Hedge Fund Research.
Distressed investing generated a ...