Banks have been pulling back from lending to energy companies.
Hedge funds and buyout firms have been stepping in to the void.
The oil price is down more than 50% since mid-2014, and banks are less eager to lend to struggling oil companies. Regulators are also wary of risky junk-rated loans and bonds.
Don Dimitrievich, managing director at Highbridge Principal Strategies, said in a panel at the Debtwire investors summit on Tuesday:
Due to the fallout in credit crisis, regulators h
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-
Struggling energy companies are getting money from an unlikely source
-
DISTRESSED INVESTOR: 'It’s time to put money to work'
Investors who specialize in distressed investing are getting ready to spend.
"It's obviously an energy and commodities-focused distressed cycle...and it reminds me of the early 2000s tech and telecom bust," Angelo Rufino, portfolio manager of Brookfield Asset Management, said in a panel at the Debtwire investors summit Tuesday.
"We’re in the early innings but its time to put money to work," said Rufino, whose firm has $240 billion in assets under management.
A  -
What the woman who created the real 'Money Monster' thinks about George Clooney's movie
Susan Krakower bagged groceries in Queens, New York as a kid before moving to Los Angeles and working in TV trying to learn everything she could possibly know about creating a show.
Those efforts paid off. She created CNBC's first smash hit, 'Mad Money with Jim Cramer' in the 1990s, and then created the 'Fast Money' franchise on CNBC.
And now Julia Roberts has basically played her in a movie.
The movie is called Money Monster. It stars George Clooney as Lee Gates — a fast-ta -
Stocks are about to explode higher
Hold on to your hats, folks.
According to Andrew Adams, a market strategist at Raymond James, there exists a perfect mix of conditions that could send stocks on a ride up, up, and up.
In a note out Thursday, Adams noted that there was a significant shift of investors from the stock market to "safer" assets. Eventually this move to the sidelines will have to change.
"So what happens when the market keeps going up and much of that money starts to flow back into stocks as investors scramble to get -
YELLEN: The Fed didn't see the financial crisis coming (SPY, SPX, DJI, IXIC)
The Federal Reserve did not see the financial crisis coming, even though there were apparent clues.
"We saw trees, and the house price bubble was a tree," Fed chair Janet Yellen said Friday at Harvard University, where she was awarded the Radcliffe Medal.
"We really didn't see that coming."
She said the explosion in borrowing was a sign, but the Fed did not see the risks evolving into a full-blown crisis.
Yellen said former Fed chairman Ben Bernanke did a "ma -
There’s one overlooked industry at the heart of all of our modern conveniences
When most people hear the word “chemistry” I imagine eyes glazing over and maybe even an unsettling flashback to a class many would sooner forget.Except for those who moved on to study the physical sciences in college, chemistry likely falls into the “When will I ever use this?” department.
Some investors worry that the chemical industry will leave them as confused as those hours toiling in high school chemistry. The industry is old—hundreds of years old, in f -
The market as we know it is 'crumbling'
Signs point to the beginning of a rout in emerging markets that could threaten the stability that the global economy has been enjoying since March.
"The pillars that supported the EM rally earlier this year seem to be crumbling, as risk conditions have turned and have started to expose weak fundamentals and structural imbalances in EM once again," Morgan Stanley analysts wrote in a note released Tuesday titled "The Great Bear Rally Unwind."
Now, remember February?
That was when markets went nuts -
Hillary Clinton and Donald Trump both want to make one change that could make some companies rich
Hillary Clinton and Donald Trump disagree on most things. There is, however, one issue on which they seem to be in agreement, and Wall Street investors are starting to catch on.
In Christopher Wood's weekly "Greed and Fear" newsletter, the CLSA analyst pointed out that both candidates had expressed support for increased infrastructure spending. This isgood news for manufacturing and heavy industries.Join the conversation about this story »NOW WATCH: 7 incredibly tiny details you never noti -
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We went to Banana Republic and saw why sales are plummeting
Banana Republic is struggling.
Sales plunged 11% in the first quarter of fiscal 2016, marking yet another dismal quarter for the brand.
"More than any other brand in the Gap stable, I think Banana has lost its way," Neil Saunders, CEO of consulting firm Conlumino, wrote in an email to Business Insider.
The company is forced to resort to incessant discounting to clear itself of clothes left behind — a cycle that's proved difficult to escape.
A visit to the store proves why consumers do -
Zombie companies are holding China's economy hostage
China's economy is being held hostage.
The so-called zombie companies the Chinese government is supposed to be reforming have hijacked the government's economic policy, and the dangerous bubble forming inside the country stands to grow until this hostage situation has ended.
The zombies are state-owned enterprises mostly in the property, commodity, and industrial sectors. They are carrying a ton of debt, and this year they have started defaulting on that debt for the first time.
"SOEs are truly -
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Online influencers profit Cointreau
SINGAPORE: Brands should invest in long-term relationships rather than quick wins when working with online influencers, according to an executive at Rémy Cointreau.Rachel Tann, a Senior Marketing Executive at the luxury drinks brand, said... -
News spreads on US social media
NEW YORK: Fully 62% of US adults now view news content on social media services, a report from the Pew Research Center has revealed. The study, conducted in partnership with the John S. and James L. Knight Foundation, was -
Google is world's top media owner
LONDON: Alphabet, Google's holding company, has increased its lead as the largest media owner in the world and now generates $60bn in media revenues, or 166% more than its nearest rival, Walt Disney.This is one of the headline findings from the... -
Facebook shows ads to non-users
SAN FRANCISCO: Two years after its launch, Facebook Audience Network is being expanded to all internet users regardless of whether they are on Facebook or not.To date, the social network has only served ads to Facebook users when they visited... -
ASA tackles online ad complaints
LONDON: The media landscape has increasingly shifted online, a trend reflected in new figures released by the Advertising Standards Authority (ASA), which investigated 8,633 online ad cases compared to 3,920 on TV in 2015.The UK regulator's -
Apple mulled Time Warner bid
NEW YORK: A senior executive at tech giant Apple reportedly raised the possibility of a takeover bid for Time Warner, the multinational media group, in a sign of Apple's intent to expand into content provision.According -
Ads can engage Japanese, but it's hard
TOKYO: Some 94% of Japanese consumers say they would consider using ad blocking software, the highest proportion in the world, according to a recent survey that reveals most brands still fail to adopt a non-invasive approach to advertising.With...
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