With circa USD110 billion of hard currency foreign-law bonds trading at deeply discounted prices, Argentina once again sits centre stage in the global distressed credit arena. If the country defaults, it would be the fourth time it does so since 1989, and it would rank only second in size to Greece’s default in 2012.
This volatile situation lends a hand to a growing and attractive opportunity set for global distressed debt strategy, in Man Group’s view. READ MORE
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