Thursday, January 12, 2017 2:03:27 PM
After Strong 2016, Broadbill Investment (Still) Likes Under The Radar Distressed Debt
In November, with over 50% of the fund deployed in cash – an oddly high position the source said was consistent throughout the fund’s five-year existence – the fund found opportunity in Fibertower Spectrum Holdings. Millimeter wave spectrum, wedged between microwave and infrared wave signals at 30 to 300 gigahertz, is a significant source of opportunity for investors, Broadbill believes. Fibertower, a smaller firm that had its stock delisted April 4, 2016, is roaring back based on public transactions in the private equity for the firm. It has been among leading gainers for Broadbill. When the company de-listed, Broadbill took private equity in the firm.
In November, with over 50% of the fund deployed in cash – an oddly high position the source said was consistent throughout the fund’s five-year existence – the fund found opportunity in Fibertower Spectrum Holdings. Millimeter wave spectrum, wedged between microwave and infrared wave signals at 30 to 300 gigahertz, is a significant source of opportunity for investors, Broadbill believes. Fibertower, a smaller firm that had its stock delisted April 4, 2016, is roaring back based on public transactions in the private equity for the firm. It has been among leading gainers for Broadbill. When the company de-listed, Broadbill took private equity in the firm.
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