Reuters- The subprime-related meltdown in the corporate debt market is creating the best investment opportunities in the credit markets in years, the head of hedge fund firm Centaurus Capital said on Tuesday.
"We expect we are going to be very busy on the credit side," said Bernard Oppetit, Centaurus’ Chairman and CEO, speaking at the Reuters Hedge Fund & Private Equity Summit in London. "We are starting to see opportunities that we have not seen in a very long time."
The firm is reversing its equity-focused investment strategy, to focus on the credit markets for the first time in five years.
"Credit markets have done a lot worse than equity markets. There is a disconnect there that is striking," said Oppetit. "Given the environment, we’re moving more towards credit again."
