Ironshield’s Lieuw-Kie-Song says LMEs raise bar for influence in stressed credit

• Ironshield Capital’s Frits Lieuw-Kie-Song said liability management exercises have reshaped stressed credit investing.
• Sufficient position size can influence restructuring outcomes, shifting the focus beyond simply owning the debt.
• He said AI-driven infrastructure spending is real, but markets may be pricing broad-based winners too aggressively.
• Mispricing often emerges when regulation, technology, or management change faster than prevailing market assumptions.
• Discussion touched on Virgin Media O2, data centers, short positions, tail hedging, and lessons from the 2008 crisis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ironshield Capital Management LLP published the original content used to generate this news brief on September 14, 2026, and is solely responsible for the information contained therein.