DISTRESSED INVESTOR: 'It’s time to put money to work'

Investors who specialize in distressed investing are getting ready to spend.
"It's obviously an energy and commodities-focused distressed cycle...and it reminds me of the early 2000s tech and telecom bust," Angelo Rufino, portfolio manager of Brookfield Asset Management, said in a panel at the Debtwire investors summit Tuesday.
"We’re in the early innings but its time to put money to work," said Rufino, whose firm has $240 billion in assets under management.
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