Hedge Funds Race to Raise Money For Energy Debt

Bloomberg – Hedge fund manager Jason Mudrick told Bloomberg Television on Feb. 3 that the decline in oil prices presented “the most exciting” opportunity since the 2008 financial crisis.

The distressed-debt manager has wasted little time trying to take advantage of the plunge. His New York-based firm, which oversees about $1.2 billion, is raising a fund to invest in the bonds and loans of energy companies, according to marketing documents obtained by Bloomberg News.

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