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
Contrarian sees an abundance of opportunities in U.S. senior
secured loans next year and plans on allocating 42% of that
ISSN: 2151-1845 / CDC10004H
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