Profiting from consumer debt

Knowing which businesses to back in a stuttering economy and a more illiquid environment requires greater caution, skill, foresight and luck than in buoyant economic times. With sterling hitting a record low against the euro, the property market suffering its biggest drop since 1992 and consumers tightening their belts in anticipation of more problems to come, finding the right businesses is more crucial than ever. With the ability to generate returns through leverage restricted, and EBITDA growth through operational restructuring largely dependant on external factors (and often the preserve of the few) seeking out multiple arbitrage situations becomes the priority