From time to time, it’s worth pointing out that distressed asset investment is a global practice, as illustrated by an article last Thursday in reuters.com.
Ashmore Group, a British fund firm, considers the British economy rife with “significant” investment opportunities in the distressed assets field.
The British economy is also taking a beating, with Assets Under Management (basically, the market value of assets managed by an investment company for its investors) falling 14.7 percent during the first quarter of 2008.
Nevertheless, an Ashmore Group spokesperson foresees “significant investment opportunities…for its funds, notably in the special situations and corporate high yield asset classes, as de-leveraging creates distressed seller opportunities where the underlying businesses are strong.”
What’s true for American investors and investment firms is likely true for their British counterparts: during diffcult economic times, distressed assets can be purchased for very low prices.
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