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Hedge Funds Eye Sweet Gains On Corporate Loans

by nypost.com posted 2years ago 14488 views
This money is too hot for traditional US bankers to handle — with its breathtaking size in dollars — but the much-maligned hedge fund industry can’t ignore it. These hedgies are looking to jump into corporate lending in an attempt to corner a market estimated at as much as $500 billion in capital needs. It’s a sum that could threaten the financial system with huge investor losses, bankruptcies and job losses as signs of economic trouble appear, experts say. “The banks are not allowed to make these loans anymore,” said Dick Bove, a bank industry analyst at Rafferty Capital Markets....