With limited opportunities for investing in distressed companies right now, the size and phase of a bankruptcy are key factors for possible investments as part of a credit portfolio, says Nancy Havens, Founder of Havens Advisors, and Richard Goldstein, Managing Director at the firm.
“We try and do full-out bankruptcies. And on the bankruptcy side, there are not that many bankruptcies to do right now. We’re interested right now in the size of the bankruptcies,” Ms. Havens said. “In credit, we are in a bunch of bankruptcies and strict event situations as well as high-yield situations that are also event related.”
Read the rest of the article at The Wall Street Transcript
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