Looming Distress Is a Growth Opportunity for Mackinac
- Experts see debt troubles as Fed hikes, borrowing costs rise
- Turnaround specialist has opened offices in Boston, Chicago
Markets Warming Up to Fed Hike in March
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With the Federal Reserve signaling that it’s prepared to increase interest rates, investors are anticipating a new wave of distressed debt triggered by higher costs of capital.
Turnaround specialist Mackinac Partners is seeing that bet -- and raising it.