[3][8] In January 2016, BFAM and Farallon Capital were involved in a debt restructuring of Chinese property developer Kaisa after it defaulted on $2.5 billion of corporate bonds in the previous year.

[3][11] In December 2016, Bloomberg News reported that BFAM was one of the top performing hedge funds in Asia that year, largely due to its transactions related to Kaisa and Noble Group.

[1][2][4][12] In response to the crisis, BFAM ringfenced hard-to-sell China credit assets into a side pocket to avoid a fire sale and give the issuers time to recover.

[4] In February 2023, Bloomberg News reported that BFAM posted a return of 7.5% for the month, citing an improved market environment due to factors such as the end of the COVID-19 lockdown in China and the Chinese government providing more support to the property sector.

[1] In April 2023, BFAM, Davidson Kempner Capital Management and several other investors filed a lawsuit in New York against Chinese property developer Glory Health, alleging that it owed $201 million in debt repayment and had failed to honor its agreement.