Post by Sapphire Capital on Jul 12, 2008 0:21:49 GMT 4
If you ever want to walk on the wild side consider distressed debt funds in relation to asian debt.
For example PSource Asian Recovery Limited, who invests in non-performing loans in Southeast Asia, an area it believes offers opportunities due to regulatory changes, aiming for a return of 15-20 percent a year by buying the dollar-denominated senior secured debt of firms that have defaulted on debt payments.
It is estimated that there are $1-2 trillion of non-performing loans in the Asia region, which will become a balance sheet discussion topic with the further implementation of Basel II BIS rules and the International Accounting Standard 39, local banks have to comply with.
According to the news they will mainly invest in the unlisted debt of firms with a turnover of less than $200 million, particularly in Thailand, Indonesia, the Philippines, Malaysia and Singapore.
source: www.psourcecapital.com/news/PAR-ITF-Final.pdf
www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1889454
For example PSource Asian Recovery Limited, who invests in non-performing loans in Southeast Asia, an area it believes offers opportunities due to regulatory changes, aiming for a return of 15-20 percent a year by buying the dollar-denominated senior secured debt of firms that have defaulted on debt payments.
It is estimated that there are $1-2 trillion of non-performing loans in the Asia region, which will become a balance sheet discussion topic with the further implementation of Basel II BIS rules and the International Accounting Standard 39, local banks have to comply with.
According to the news they will mainly invest in the unlisted debt of firms with a turnover of less than $200 million, particularly in Thailand, Indonesia, the Philippines, Malaysia and Singapore.
source: www.psourcecapital.com/news/PAR-ITF-Final.pdf
www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1889454