...As Steve Persky, the managing partner of hedge fund Dalton Investments notes, the SIVs had other problems, such as underlying assets that were overrated and overpriced. But you don’t need to stretch the comparison to be concerned about the U.S. government’s soaring deficits and its potential funding problems.
“The U.S. will have less… Read More>>
Dalton Investments, LLC, an SEC-registered investment management firm serving institutional and private clients, has re-launched its distressed-debt strategy after a three-year hiatus. Steven D. Persky, founder, managing partner and chief executive officer of Dalton, and Swaraj Chowdhury, portfolio manager, will lead the distressed-debt team.
Dalton will initially focus on…
As the Fed contemplates expanding TALF beyond highly rated, newly made loans to riskier or older troubled assets, it should go one step further to address the heart of the credit crisis -- depressed home prices.
TALF, or Term Asset-Backed Securities Loan Facility, is currently… Read More>>
Finding opportunity in debt is easy, say the guys at Dalton Investments. All you have to do is travel the globe.
Steven Persky and James Rosenwald clearly didn't spend much time coming up with the name of their hedge fund firm. They named their company, founded in 1998, after the exclusive private school they attended together…. Read More>>