Victor Khosla isn't reluctant to criticize his peers in the business of distressed debt investing. As he sees it, they're too reliant on Wall Street for trades, don't care enough about the companies they end up controlling and give up returns by hunting in packs. In this interview, the founder and chief investment officer of Strategic Value Partners discusses his private equity-like approach, tackles the "vulture" label, makes predictions for the next distressed-debt cycle and dismisses SPACs. Khosla spoke exclusively with Erik Schatzker on Bloomberg's "Front Row."
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