Hedge funds go head-to-head over Kem One debt

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Hedge funds go head-to-head over Kem One debt

hedgeweek

4 months ago

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The distressed debt of French chemicals producer Kem One has become a battleground for global credit hedge funds including Arini Capital and Sona Asset Management, amid fears over the long-term viability of Europe’s chemicals sector, according to a report by the Financial Times.
Kem One, which is owned by US private capital group Apollo Global Management, has seen its bonds fall to near total losses amid rising energy costs and an influx of cheap chemical supply from China. The collapse has spli...

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