HONG KONG -- When Heneng Group, a Chinese property developer, needed a $46 million loan to develop some residential land recently it did not turn to a bank -- but to a fund manager.
InfraRedNF Investment Advisers, which lent money to Heneng, is one of a number of money managers and distressed debt investors that see opportunities from the coronavirus pandemic, beyond the chance to snap up some of China's $1.5 trillion in bad debt.
