The typical credit cycles in developed economies periodically give rise to increased levels of distressed debt on banks’ and financial institutions’ balance sheets. 

As whole areas of the economy suddenly become out of favour, opportunities may emerge for the disciplined and independent thinking investors. 

With more than 20 years of experience in distressed asset acquisitions and trading, in various countries and through various cycles, the Phi Square principals are well positioned to bring expertise, creativity and flexibility to turn-around and recovery situations.