There’s a Darth Vader “… join us or die” joke in there somewhere, but since distressed investing isn’t really a matter of life or death, I’ll just leave it as an invitation.
is runnng out has run out to register to participate in our 90-minute web seminar (known in the lingo as a “webinar”) tomorrow at 11 a.m. Eastern Time. We ‘ll be presenting presented the results of our third annual insolvency survey, which takes a snapshot of how investors viewed the distressed space last year and how they think it will play out this year. We’ll also engage in some hopefully lively discussion with our panelists:
2009 was a banner year for distressed investing. Distressed managers were the top-performing subset of the Hennessee Hedge Fund index, up nearly 43%. In its 2010 outlook, Hennessee predicted distressed investors would again see stellar returns. D.E. Shaw announced earlier this month that it was putting together a team to look at buying portfolios of distressed assets. SAIL Advisors also announced a new distressed fund and in so doing, Vincent Duhamel, chief executive of SAIL, said, “As a strategy [distressed] was not popular in 2009 as investors were still focused on liquidity but there are lots of longer-term, 2 to three year invstment opportunities out there.”
As always, with distressed investing, one person’s pain is another person’s gain. Are distressed investors the ultimate optimists, or the ultimate opportunists?
There’s still room on the phone and online for you to add your voice to the conversation. Please join us and share your thoughts, opinions and questions. The more the merrier. You can still order a CD-ROM of the presentation.
register do so, go here: http://www.hedgeworld.com/webinars/