Deals
The Distressed-Debt Trades That Obliterated Bonus Checks in 2015
- From oil and natural gas to coal, energy bets were hardest hit
- 'It’s like a cancer. It’s spreading throughout the body.'
Where Should Investors Invest Globally?
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Distressed debt investors could describe 2015 in a single word: pain.
With oil and coal prices simultaneously falling to unforeseen lows, the bonds and loans of energy companies lost much of their value. The agony quickly spread to other industries, from materials to retail to industrials, and traders struggled to find safe havens and preserve their paychecks amid the rout.