Hedge funds in face-off over debt of European chemicals casualty
Kem One’s bonds have cratered as some funds short them and others ply it with more debt
Related reading
Hedge funds battle over CDS of Coulson’s junk-rated Ardagh
Contentious restructuring has led to rare public fight between holders of derivatives designed to protect against default
Hedge fund tactics fuel Europe’s market for non-existent debt
Ardagh’s $10bn restructuring allows creditors to command big premiums for ‘when issued’ bonds
Ineos debt sell-off accelerates amid fears over European chemicals sector
Hundreds of millions of pounds in value wiped off market value of the paper in the past week
Hedge funds invoke antitrust laws in new frontier of distressed debt wars
Dispute pits Manulife’s CQS against Invesco over aggressive tactics in restructuring of ex-KKR portfolio company Selecta
Hedge funds’ insurance binge threatens catastrophe cover, warns Munich Re
Reinsurer says private capital’s push into tools such as ‘cat bonds’ risks increases volatility for the sector
Hedge fund Mason Capital seeks to resolve legal dispute over US gas driller
Firm willing to buy Ascent Resources to head off fight between Abu Dhabi fund and US private equity group