The Distressed Debt Report - January 22, 2008

Inflows Accelerate

A new global survey of hedge fund managers ranks distressed securities as the hottest investment strategy for 2008. And an analyst for Lipper Inc., which sponsored the survey, sees a flow of funds into distressed asset strategies that is even more dramatic than the hedge fund managers' enthusiasm suggests. Full Story

Boilerplate Disclaimers Offer Little Protection from Liability

A recent federal court ruling in Ohio is expected to raise awareness of the legal risks inherent in the common use of boilerplate disclaimers in offering documents for private issues of secured debt. Full Story

The Blackstone Group's deal to buy GSO Capital marks the private equity giant's first big move to rebuild the powerhouse fixed-income business that it walked away from when it sold BlackRock Inc. Full Story

• Sweet Story Eluding Former Glazed Doughnut Great
• CLO Volume Plummets in December
• Supreme Court Ruling in Charter Case Has Implications for Debt Investors
• Dura Asks for 5-Month Extension of Exclusivity Period
• CIT Reports 4th-Qtr Loss
• Globefin Launches ABL Fund of Funds
• Moody's Forecasts Default Rate to Rise More than Fivefold
• ABN, Bear Stearns Win Bankruptcy Auction of Insurance Policies
• CIT Names Gaw Head of Energy Unit