Investors chase distressed debt

Investors chase distressed debt

In Depth

As it tends to happen these days, a Brazilian businessman used his Facebook account to boast of an enjoyable holiday on his pleasure boat. A fatal mistake it was. The photo showed the name of the boat, and investigators took advantage of the clue to uncover that the boat was registered by an offshore company. Interrogations with staff members of the marina where the vessel was harboured made sure that the actual owner was the businessman, who was highly indebted at the time. Legal action was then pursued to impound the property to pay the debt. The episode may sound like a sting by tax authorities or the federal police, but it was part of the daily routine at Jive Asset Management, one of th

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