Distressed Debt Strategy of Knighthead's Tom Wagner

The video discusses distressed investing, highlighting opportunities in corporate and sovereign distress, such as in Greece, Argentina, and Puerto Rico. It emphasizes the importance of investor patience and market pressures, particularly in high-yield credit markets. The discussion extends to sovereign opportunities in Venezuela and Saudi Arabia, analyzing their economic strategies and potential for investment. The Gulf region's debt and its implications for future distressed opportunities are also examined. Finally, Puerto Rico's restructuring efforts and the role of the federal control board are explored, with a positive outlook on long-term prospects.

What challenges does Venezuela face in attracting outside investment?

What are the potential benefits of a free-floating currency for Saudi Arabia?

What role does the federal Control Board play in Puerto Rico's restructuring efforts?