Special Situations in Unusual Times
The past year and a half were many things, but not business as usual. In a matter of weeks, distressed debt skyrocket to levels not seen since 2008, rewarding those prepared. But while strategies in distressed and special situations offer outsized returns, they also require a unique skillset and experience. What changes and pitfalls are expected as a continuation of ample liquidity and low-interest rates meets pre-covid consumption? And will a return to normal coincide with a significant uptick in defaults?
Andrew Milgram, CIO & Managing Partner, participated on a panel for the 2021 Milken Global Conference: Special Situations in Unusual Times.