Hedge Funds

European distressed investor Ironshield starts to motor as opportunity set grows


David Nazar
Ironshield Capital, the pan-European distressed debt and special situations manager led by ex-Bank of America man David Nazar, is starting to generate some eye-catching returns again this year in an increasingly fertile climate for European stressed, distressed and event-driven credit investing.

The Ironshield Special Situations Fund is up by over 11% to the end of October, having made 14% since July, and the firm’s principals believe that it is well-placed as one of very few dedicated European specialists to exploit what looks likely to be a highly attractive multi-year opportunity set across multiple