Paid to Sweat: Centerbridge's Jeff Aronson on the Growth of Private Markets
Exchanges
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From Distress to Opportunity
This chapter explores the nostalgic landscape of distressed investing in the late 1980s, focusing on the unique dynamics between wealthy individuals and the limited institutional presence. It highlights the evolution of the sector towards opportunistic credit, driven by market changes and a shift in investment strategies post-Global Financial Crisis.
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