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Jan.14 — The universe of troubled companies is shrinking as the credit cycle extends, but distressed debt specialists can find opportunities when passive investors are forced to sell securities, according to CQS’s global head of credit Nick Pappas. On “Bloomberg Money Undercover”, Bloomberg’s Lisa Abramowicz talks with Pappas about distressed investing in 2020. CQS, founded in 1999 by Michael Hintze, has around $19.8 billion assets under management.