Distressed Debt Returns Will Remain Muted Without a Systemic Shock
Peter Troob · Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59) · Jul 2, 2018 · at 25:35
Peter Troob, CIO of Troob Capital Management, analyzes how excessive institutional capital prevents distressed yields from reaching attractive entry levels.
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“So you either have to have a monster shock to the system, which I'm not sure anyone foresees, or you're gonna find that distressed returns are muted because of the amount of money, until money starts coming out.”
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