fire sale ~~ 40% discount

traders at Wall Street banks circulated a list of bonds offered for sale by a single seller that matched many of the largest holdings reported by Third Avenue, said several hedge-fund managers who saw the list. Most hedge funds passed on the portfolio, which contained deeply distressed bonds and private equity investments that are hard to trade. But Barry Kupferberg, head of research at hedge fund Trilogy Capital, snapped up private equity in Longview Power LLC, a low-cost coal-burning power plant in West Virginia, at a more-than-40% discount.