Highland Capital plans gradual portfolio shift to distressed debt

Jun 8, 2010

The $24 billion alternative fixed-income manager sees beleaguered companies losing their window to refinance; but CIO Mark Okada says bearishness on the euro is overdone.

The troubles in the eurozone, unpredictable changes to financial regulation in the West and a withering of investors' risk appetite may be creating a "robust distressed opportunity", says Mark Okada, chief investment officer and co-founder of Dallas-based Highland Capital Management.

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