Marc Lasry Sees More Restructurings, Lower Recoveries Ahead

The speaker discusses the current investment landscape, highlighting optimism despite challenges. They explore investment opportunities, particularly in distressed situations, and the impact of a zero rate environment on borrowing. The importance of understanding bankruptcy law and capital structure in distressed investing is emphasized, with a focus on lower recoveries due to increased debt and reduced equity value.

How does the current zero-rate environment affect borrowing and lending practices?

What are the key factors that influence distressed investing according to the speaker?

Why is understanding a company's balance sheet crucial for lending decisions?

What challenges are anticipated regarding recoveries in distressed investing?

What implications does the speaker suggest about the competition for resources in distressed situations?