How about starting up lending operations - at highly advantageous rates, of course - targeting companies no longer able to secure financing through conventional banking channels following the credit collapse?
According to a recent article by The New York Times on 13 June, that's exactly what some hedge fund managers have started doing. And not out of altruism, either.
According to the Times, more than 100 hedge funds are already pursuing "asset-based lending" activities, and bigger fish such a
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails
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