Contrarian up 8% through October, seeks secured loans in 2011
By Suzy Kenly Waite
Mon Nov 8, 2010
The $3.3 billion credit firm has profited from investments in trade claims and shorts on sovereign debt.
The flagship credit fund of $3.3 billion Contrarian Capital Management is up 7.97% for the year through October, having profited from the purchase of trade claims, European senior debt, distressed leveraged buyout credits, and shorts in sovereign debt, according to an investor presentation dated November 4.
Contrarian sees an abundance of opportunities in U.S. senior secured loans next year and plans on allocating 42% of that flagship Contrarian...
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