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Published September 4, 2009 at 8:48 AM
Hedge funds got plenty of attention -- much of it negative -- for rejecting the government-backed debt reduction plan designed to prevent Chrysler LLC's Chapter 11 filing in April. But that high-profile case is just one example of the increasingly important role hedge fund creditors are playing in bankruptcy cases.
Hedge funds are trying to "protect positions they acquired in a much healthier credit environment," says Eric Fisher, a partner with Butzel Long. In this edition of Inside The Deal, Fisher says hedge funds are sometimes taking an active role, angling for control of the bankrupt business, and other times they want nothing more than to trade out of their positions.See the video below or download it at iTunes.- Suzanne Stevens
Leezie Kim is rejoining the Phoenix office of Quarles & Brady LLP as a partner. She will continue her corporate transactions practice. For other updates launch today's Movers & shakers slideshow.
Dechert's Henry Nassau at the 18th annual Wharton Private Equity and Venture Capital Conference tells The Deal Pipeline how to shine in the middle market. More video
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