(Bloomberg) Hedge funds and private equity firms are positioning to profit from the collapse of companies in Europe that have binged on debt. Investors have built up their distressed debt businesses by the most in at least two years in the region, according to data compiled by headhunters Paragon Search Partners. They’ve added a net 19 new traders, money managers or analysts in 2018, compared with a total of seven in all of 2017 and a contraction of staff numbers in 2016, the data show.
Hedge Funds Circle Around Debt-Binge Firms
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