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New York's Anchorage Capital to farewell Australian distressed debt


New York’s Anchorage Capital to farewell Australian distressed debt
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One of the biggest players in Australian distressed debt investing in the past 15 years, Anchorage Capital Group, is pulling up stumps.
It is understood the New York-headquartered Anchorage is pulling out of the Australian dealmaking scene to focus on the litany of opportunities closer to home.
Merrick Howes - one of the distressed debt scene’s best known dealmakers - is set for pastures new.  
Renee Nowytarger
That means its Australian office, headed by dealmaker Merrick Howes since 2011, will close, and the firm’s unlikely to try to get involved in the next Slater & Gordon or Arrium. ....

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