'Terrifying' Distress: MatlinPatterson's Mark Patterson Interviewed

July 16, 2012 - PRLog -- 'Terrifying' Landscape For Distressed

This tour-de-force of the distressed investment strategy is a must-watch. Mark Patterson, Chairman of one of the world’s largest distressed investment firms, MatlinPatterson Global Advisors, shares his candid analysis of the economic crisis gripping the world. Patterson talks about the challenges of successful investing in today's distressed opportunity, why sovereign debt levels should “frighten the daylights out of you,” the “truly laughable” European response to bank weakness, why former US Treasury Secretary Hank Paulson was “dead right,” how due diligence differs between trading and control distressed strategies, how to profit even in declining industries, the pitfalls of government intervention and what he’s learned from his own failed deals.

View the full video here - http://www.privcap.com/programs/130-terrifying-landscape-for-distressed

http://www.youtube.com/watch?v=lqNrnYf_Ysc



About Mark Patterson:

Mark Patterson is the Chairman of Matlin Patterson Asset Management LLC, which manages Matlin Patterson Global Opportunities Partners L.P., a $2.2 billion merchant banking distressed fund. He is an advisory board member of K Capital Partners LLC, a Boston-based hedge fund and serves on the board of directors of Oxford Automotive, Inc. and Skip Barber Racing School, LLC. Patterson was a managing director of Credit Suisse First Boston from 1994 to 2002, serving as vice chairman from 1998. He managed a variety of investment banking and fixed income activities, with special emphasis on leveraged finance businesses. He also served on CSFB′s Global Operating Committee and on its private equity Investment Committee, growing a merchant banking fund-of fund business to $2.5 billion. Prior to joining CSFB, Patterson had almost 20 years of commercial and investment banking experience at firms such as Bankers Trust, Salomon Brothers and Scully Brothers & Foss L.P. Patterson earned degrees in law and economics at South Africa′s Stellenbosch University. He earned his MBA at New York University, Stern School of Business.