Hedge Fund LIM Focusing More on Distressed Trading in Asia
- Fund sees opportunity in secondary markets rather than lending
- LIM’s head of distressed and opportunistic credit left in May
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Hong Kong-based hedge fund LIM Advisors is focusing more on buying high-yield and distressed bonds and loans in the Asia-Pacific region after the pandemic roiled markets earlier this year.
“A year ago, we were doing more direct private lending and less distressed debt,” said George Long, chief investment officer at LIM Advisors, who founded the firm in 1995. “Because of the Covid-19 shock, there has been more distressed debt in Asia.”