Recovery positions: investing in distressed debt and equity

Business distress continues to haunt the European economy, even if most countries have turned the corner in terms of GDP growth.

In the third quarter of 2009, more than 80% of the world’s established commercial property markets saw a rise in distressed sales. Meanwhile, bank loan books will most likely run down over the next five years. European markets that did not fully adjust their valuations to the deteriorating conditions in time might find that banks do not recognised their losses.

This session looks at current levels of distress, seeking to identify feasible investment approaches and determine whether or not distressed assets are being correctly priced.

Nassos Manginas, Director, Business Development Europe, IPD (France)

Bromme H. Cole, Partner in Charge, Hampton-Hoerter (USA)
Thierry Leleu, General Manager Europe, GE Capital Real Estate Investment Management (France)
Shoji Misawa, Managing Director, ORIX Corporation (Japan)

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