Steven Perksy talks about investing in distressed debt

03/17/2009 | ClipSyndicate

Steven Persky of Dalton Investments talks to Bloomberg News about investing in distressed securitized mortgages. He says there is definitely money to be made in the niche, although he describes the market for distressed mortgage securities as a "post-nuclear apocalyptic landscape." On the brighter side, so far losses have only amounted to 70% of what the firm projected.

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