But Singh says that observing Welch s toughness with GE s managers in close quarters provided a model for running DLF: Think big and be a sector leader.
Looking ahead, managers say capital continues to pour into the market from all quarters as investors look for floating-rate, wide-margin opportunities.
Our Global Macro Survey indicates that 70% of emerging market portfolio managers expect this to occur, albeit at a reduced pace than in previous quarters.
Beyond the at-risk names reviewed above, managers say the broad population of leveraged loan issuers is in good shape after 10 successive quarters of muscular cash-flow growth since the recession ended in June 2009.