With moderate growth and interest rates still low, there have been few pockets of opportunity for distresseddebt investors in the U.S. That may change if the Federal Reserve raises interest rates later this year and maturity walls need to be refinanced. In the meantime, investors have been flocking to Europe, where bank deleveraging has created opportunities in corporate credit and real estate. On this panel, some of the leaders in distresseddebt investing will share their strategies about uncovering value in today's competitive markets. Will the expected rise in interest rates force an uptick in corporate defaults, or is the specter of deflation a greater threat? Which sectors are the most attractive in the current market? Which industries present the best opportunities and which should investors avoid?