As we begin a new year, many beleaguered hedge funds will reflect on 2007 and how the credit crunch affected Wall Street, corporate borrowers and hedge funds in the long run.
Distressed Hedge Funds Amidst the Credit Crunch
As we begin a new year, many beleaguered hedge funds will reflect on 2007 and how the credit crunch affected Wall Street, corporate borrowers and hedge funds in the long run. Although nobody knows if the end of troubled times is near, we do know that a sustained recovery will take lots of know-how, cooperation and willingness to be more transparent in our dealings with one another and, perhaps, some old-fashioned work.
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