ACGM’s CEO Joins SRZ Distressed Investing Panel
New York, NY – The Schulte Roth & Zabel Annual Distressed Investing Conference took place today at the Time Warner Center, New York, NY. The event, organized by leading law firm Schulte Roth & Zabel, focused on various aspects of distressed investing, including the health care sector, European distressed investing, pension plan liabilities, and recent court decisions affecting distressed investors. Attendees included senior executives, portfolio managers, and professionals from a diverse group of hedge funds and asset managers specializing in distressed investing.
Carlos Abadi, ACGM's President and CEO, who has over twenty-five years of experience investing and advising within the distressed investing field, sat on the European distressed investing panel, alongside several other industry experts, including fund managers and lawyers. Mr. Abadi led the discussion on European financial institutions and, while acknowledging that government intervention has limited distressed investing opportunities, he highlighted a range of investment opportunities that have arisen in the wake of Basel III/CRD IV and the ECB stress tests, such as M&A opportunities, opportunistic asset purchases, and the ability to invest in creative structures comprising part of banks’ capital plans (for example CAM™ notes and CoCos).
Mr. Abadi also warned of the growing complacency in bond markets and the tendency of bonds to trade at or above par right up until the point of default. He stressed that all too often there is no gradual fall in prices as bonds approach default because bonds are being artificially propped up by the high levels of liquidity (provided by the ECB) which allows investors to get out of a position easily. The panel discussion covered a wide range of other topics, including the effect of coercive governmental intervention on investors and pre-insolvency restructuring mechanisms.
The conference and the panel discussions throughout the day provided attendees with valuable updates regarding the latest developments within the field of distressed investing and offered an opportunity for investors, advisors, and attorney’s to connect and share their expert knowledge and experience. ACGM’s participation in the event is a reflection of the firm’s high standing within the distressed investing field. ACGM’s senior professionals have decades of experience advising clients on distressed investing opportunities around the world.
About Abadi & Co.
Founded in 1991, Abadi & Co. is an investment banking boutique which specializes in three core areas: emerging markets, financial institutions and restructuring & special situations. By focusing on these three areas of expertise, Abadi & Co. has built a team of independent specialists–Fluent in Finance®–who serve as powerful advocates for clients, focused on protecting their financial interests and delivering practical, high-value financial solutions. The Abadi & Co. team prides itself on its ability to guide clients through difficult and groundbreaking transactions, even in situations where the structuring complexities and challenges would have thwarted others.
Abadi & Co.’s experienced team works on a range of transactions, including mergers & acquisitions, debt & equity capital markets issues and recapitalizations. It caters to a global client base which includes companies, governments and financial institutions, across North America, Latin America, Europe and the Middle East. The firm’s specialization approach means that it only takes on engagements if they fall within one or more of its core areas of expertise, allowing it to assign a strong team to every engagement, providing clients with the attention and intellectual capital they deserve. The firm’s clients appreciate having direct access to a senior banker 24/7; they value the discretion of Abadi & Co.'s smaller team and are relieved of the conflict of interest concerns inherent in working with larger investment banks, which often look to cross-sell other products and services. In order to prevent conflicts of interest, and to ensure the independence of the firm's advice, Abadi & Co. does not conduct trading or manage investments.
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