Mudrick Capital founder Jason Mudrick believes the 'sheer size' of the market for distressed investors hasn't been seen before.Jason Mudrick believes he's going to be very busy over the next three-to-five years — the distressed investing expert sees trillions in opportunities, and he said it's only the "first inning" of the cycle.
Still, he's glad there's more fish in the sea — "if you would ask me if I'd rather have a bull market or a lot to do, I'd say a lot to do."Distress investors — those specializing in buying companies in bankruptcy or close to it, and reorganizing them — are excited about the opportunities that have come from the novel coronavirus pandemic, and Jason Mudrick is no different.
There is going to be a "huge supply of distress" coming, but Mudrick warned that we are only in the "first inning" of it — and that the bounceback in equity and bond markets should not affect it.POWER PLAYERS: Meet the bankers, traders, investors, and lawyers seeing huge opportunities in a wave of bankruptcies
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