Knighthead, Candlewood, Mudrick hedge funds are under bigest pressure.
Hedge funds that specialize in the debt are grappling with their worst declines in seven years.
Funds managed by Knighthead Capital Management, Candlewood Investment Group, Mudrick Capital Management and Archview Investment Group all posted losses through October and November isn’t looking like it will be much better.
Distressed hedge funds dropped 5 percent in 2015 through October, putting them on pace for their worst year since 2008, when they lost 25 percent.
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