In 2007, for example, the market - makers had almost $ 300 billion in cash to oil the workings of the bond market; today, thanks to Dodd - Frank, that's dwindled to less than $ 30 billion even as the high - yield and distressed securities markets — the trades that would most require the intervention of the market - makers — have ballooned. (mutualfundobserver.com)
A principal disadvantage for TAVF in investing in distressed securities revolves around the rip - off of pre-petition creditors by professionals, mostly lawyers and investment bankers. (mjwhitman.pressbooks.com)
At present, the Mutual Series investment team comprises more than 25 portfolio managers, analysts and traders with an average of over 16 years of industry experience, including a dedicated distressed securities team. (franklintempleton.com)