Relevant:
- Banks need to be bold and show hedge funds the money
- Fund manager Einhorn awaits further price falls for distressed debt
- Unigestion to Start Credit Fund of Hedge Funds - Bottom-Feeders Gear Up!
- Hedge Fund Managers in Monaco Say Credit Crisis to Worsen
- Falcone Making Coin on Distressed Credit Trading
2007-12-11 — guardian.co.uk
'Banks are in denial about the values of assets stuck on their balance sheets, and the credit crisis may not wind down until they offer this debt at prices buyers of distressed assets will take, a fund-of-hedge-funds manager said.'
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