Assessing their costs, their risks, their marketability, attending doggedly to every detail, Mr Littlejohn provides a sort of deadpan breakdown of what will pass as saleable poshness with the public.
Kohlberg Kravis Roberts , LittleJohn and HSBC (nyse: HBC - news - people ) are just three of the latest to jump into the market with new distressed-debt funds, lining up for what is expected to be a pickup in corporate bond defaults even as other veterans of the distressed-debt market complain about a lack of opportunities.