Sunday's New York Times
on mutual funds that hold distressed debt. The article, penned by Norm Alster, mentioned BlackRock High Yield
, Mutual Recovery
and Northeast Investors Trust
, and quoted BlackRock fund manager James Keenan
as saying that there's going to be "tremendous opportunity over the next 12 to 18 months." Also interviewed for the story is Michael Embler
, chief investment officer for Franklin Templeton's Mutual series. "There have been a lot of funds raised. Most of the money has not been deployed," Embler told Alster.
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