Analysts predict distressed debt investing will benefit from Fed’s delayed rate cuts, as tighter credit spreads keep restructuring deals attractive for high-yield specialists. Drew McKnight, Co-CEO and managing partner, will continue to lead the firm, and Jack Neumark will step in as Co-CEO and managing partner. 3D Investing: 2025 Mid-Year Economic and Market Outlook Portfolio managers favor distressed debt investing in mining companies amidst commodity price volatility, banking on asset repossession value.