Stressed funds attractive idea for yield-seeking investors: Nitin Jain

'We do not see this as a one-time tactical opportunity but think of this as a structural opportunity,' he said of the ARC business

Edelweiss Alternative Asset Advisors, the alternative asset management arm of Edelweiss Group, is raising a $300 million fund to invest in stressed assets. NITIN JAIN, CEO of Global Asset & Wealth Management at Edelweiss Group, explains to Ranju Sarkar how stressed funds work and why they are attractive for yield-seeking investors.

How does a stressed asset fund work conceptually as a debt fund. How is it different than a debt fund or a PE fund, in terms of yields?

Though the fund does buy NPA from banks, but since it is buying them at haircut we expect it to make more