EM real money should take on restructuring rep risk

By Oliver West
13 Aug 2020

Real money investors have historically avoided the reputational risk involved in participating in sovereign debt restructurings. But a truly socially responsible investor should embrace these situations — for the sake of both their clients and troubled emerging nations.

People involved in the latest multi-billion dollar bond negotiations with Argentina and Ecuador were astonished to see some of the world’s largest investment managers racing to get up to speed on the ins and outs of sovereign restructuring.  

These deals constituted a largely uncharted territory for most of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial