Distressed Managers See Opportunities, but Are Divided on Where

Some managers see U.S. defaults ticking up in 2014, but others think Europe will offer better opportunities.

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Daniel Arbess, Perella Weinberg Partners

A sizable number of distressed managers are expecting a somewhat worse year for corporate America in 2014, and they believe those troubles should translate into solid profits from investing in the debt of distressed companies.

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