At this year’s Sohn London Investment Conference, Ivelina Green, the CIO and founder of Pearlstone Alternative, pitched an interesting European special situation.
Founded in 2021, Pearlstone focuses on fundamental credit investments and special situations.
The speaker highlighted a unique credit investment, which is currently in the process of litigation.
The investment relates to what was once the second-largest listed Portuguese bank, Banco Espírito Santo.
Q3 2022 hedge fund letters, conferences and more
The Special Situation in European Credit
Banco Espírito Santo was effectively liquidated in August 2014 when it was split into two banks by regulations. Novo Banco kept its healthy operations while a"bad bank" was set up to hold its toxic assets.
However, the...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
