Distressed securities continue to be in the
spotlight with Harcourt Investment Consulting having just
launched the Belmont (Lux) Recovery, a diversified fund of
hedge funds dedicated to credit and distressed assets.
Cadogan Management in the US is also considering a deep
opportunity fund, which will invest in liquidity impaired
credits, bank loans, and senior credit instruments, traditional
distressed and global deep value equities and opportunistic