
In this thought-provoking report, BlueBay's Developed Market Special Situations team outlines the growing relevance of Liability Management Exercises (LMEs) as a tactical response to rising corporate distress in global credit markets.
Over 50% of BlueBay’s flagship Special Situations fund is now allocated to distressed investments, reflecting a sharp uptick in defaults.
LMEs have surged—now accounting for over half of global defaults—as firms restructure debt outside formal bankruptcy.
European mid-market deals offer more equitable legal frameworks and simpler capital structures, creating investor advantages..
Access the full analysis to explore how tactical LME positioning can unlock new investment frontiers.