In this thought-provoking report, BlueBay's Developed Market Special Situations team outlines the growing relevance of Liability Management Exercises (LMEs) as a tactical response to rising corporate distress in global credit markets.
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Over 50% of BlueBay’s flagship Special Situations fund is now allocated to distressed investments, reflecting a sharp uptick in defaults.
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LMEs have surged—now accounting for over half of global defaults—as firms restructure debt outside formal bankruptcy.
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European mid-market deals offer more equitable legal frameworks and simpler capital structures, creating investor advantages..
Access the full analysis to explore how tactical LME positioning can unlock new investment frontiers.
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