Mar
03
`Blood on the Street’ in Energy Debt Intriguing to Centerbridge
By-
Seeking companies that can survive oil rout, Aronson says
-
Fortress’s Briger sees opportunities through private equity
Looking at the wreckage of the worst energy junk-bond rout on record, Jeffrey Aronson of Centerbridge Capital Partners LP likes what he sees.
“There has been so much blood on the street in this space, and the technicals were so poor, that it intrigues us,” Aronson, managing principal and co-founder of Centerbridge, which manages $11 billion in distressed debt, said at the University of Texas Investment Management Company’s 20th anniversary conference Thursday in Austin. “We buy things that no one else wants, that’s what we do. We typically try to buy them at a point at a point of maximum fear.”…
`Blood on the Street’ in Energy Debt Intriguing to Centerbridge
