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Say What!? Hedge Funds as Lenders, Advertisers and Protection on Bad Roads

“Banks used to charge LIBOR plus 1. We’re charging LIBOR plus 10 because we’re the only game in town. You’re massively overpaid for the risk.” Mark Lasry of Avenue Capital, speaking at Bloomberg Markets 50 Summit on the opportunities hedge funds now have as lenders to non-investment grade companies. --- “You

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