
Sycamore Tree's Trey Parker, Market Recap, 3M and Cineworld: State of Distressed Debt
FICC Focus
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Capital Structures and Recovery Rates
It's fair to assume that the recovery rates will come down. How substantially, i think, is a little bit of an unknown. We've spent our time in terms of industry, health cares, created some interesting opportunities. Andsi the health care is an area where we think there will be opportunities. There are head winds for a long term demand for traditional utilities because of power efficiencies.
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