NEW: 11 Wall Street power players of distressed-credit trading

For years, distressed-debt trading had been a sleepy backwater.

NEW: 11 Wall Street power players of distressed-credit trading For years, distressed-debt trading had been a sleepy backwater. Wall Street banks kept headcount to a minimum, and many talented traders decamped for the hedge-fund world. But everything's changed in the last two months amid the worldwide tumult from the coronavirus pandemic. Investors are raising massive funds aimed at profiting from a wave of corporate distress and bankruptcies. And top traders are poised for a surge in activity and huge paydays as more opportunities and trading flow come their way. Wall Street's distressed desks vary in approach — some stick to flow trading, while others compete with hedge funds and make proprietary bets of their own. We talked to industry insiders to map out 11 power players of distressed-debt trading. Here's everything we learned about their personalities, trading styles, and how they go about working with their buy-side counterparts. Read now on BI Prime → Email sent to: ipat39@gmail.com   |   Unsubscribe Terms of Service   |   Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006