The shift in TARP's focus and consequent ABX rout (see News Round-up) has brought the importance of timing for distressed opportunities funds back into focus. However, structuring an appropriate investment vehicle remains a source of contention for those involved in both the distressed mortgage and distressed corporate space.
Gorelick Brothers Capital consulting director Chris Skardon confirms that, after defining the opportunity and the participants, the next important issue [for distressed opportunities funds] relates to the timing of investments relative to home price depreciation and selling pressure.
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