Dominique Mielle on Luck and Resilience in Finance
Masters in Business
00:00
The History of Distressed Investing for Bonds
The only difference between stressed and distressed bonds was the immediacy of the bankruptcy. It's not until probably Fairlawn came into existence that it became a real asset class in itself. I think there were probably 15 billion in assets in total of hedge funds investing in the stressed at the time, in the mid 90s. If you compare that to today, if you remember, Oaktree raised 15 billion dollar fund in 2020 on its own. The magnitude is not even comparable.
Transcript
Play full episode
