Distress in Distressed: MatlinPatterson Takes Major Markdowns
I keep hearing that these are the salad days for distressed investors, but such present thinking ignores major troubles in legacy distressed portfolios. For example, take a look at the latest quarterly marks from MatlinPatterson, a New York-based firm with more than $7 billion in assets under management. What follows are through Q4 2008, and were sent to peHUB by a MatlinPatterson LP:
2 April 2009•1 min read
