Algebris credit hedge fund targets stressed debt opportunities, as winners and losers emerge from Covid-19 lockdown

Coronavirus

Algebris Investments, a London-based multi-strategy credit and equities-focused hedge fund manager, is staking out alpha opportunities across a range of stressed credits which stand to gain from a resumption in activity post-lockdown.

While government support has sent indices and investment grade assets soaring, high yield and off-benchmark assets remain dislocated, underpricing the potential for a recovery, said portfolio manager Alberto Gallo, Algebris’ head of macro strategies.

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