Diversity prevails as competition grows in opportunistic investing

Seven distinct subcategories of distressed strategies

As more distressed and opportunistic investment strategies are brought to the market in the wake of the Covid-19 pandemic, a new report from bfinance has detailed seven distinct subcategories within these opportunities to navigate this growing space.

Fundraising has notably stepped up in distressed credit strategies over the past three years as investors seek to "express 'late-cycle' convictions", with the $74.9bn raised in 2017 marking a record for the asset class. CRUX's Penny buys into Whitbread despite firm's UK-wide shut down Despite a proportion of these assets remaining as dry powder, the report suggests that the 2020 capital raising figure may beat this record as managers have already shortened fundraising windows and brought expected closing dates forward. New funds entering the space will face fierce competition from ...