“With credit markets hot and equities strong, this is a better time for selling assets than for buying,” James said on call with media on July 18. “Activity levels seem to be shifting from the U.S., which has been our focus over the last couple of years, to Europe, where there’s more distress, and Asia and emerging markets, where liquidity issues are arising.”
“It’s a difficult environment to find really attractive things when the markets are robust as they are,” Fortress’s Edens said yesterday.
Global stocks have gained 11 percent this year, led by a 20 percent rally in the S&P 500, which rose above 1,700 for the first time yesterday.
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