
Ryan Flew
Partner and member of the investment team at London-based hedge fund Pivotal Point, contributing analysis on sector-specific distress such as in European chemicals.
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Mar 23, 2026 • 24min
Distressed Diaries — Iran war adds to bad chemistry
Kunal Shah, founder and CIO of opportunistic credit fund Pivotal Point, and Ryan Flew, partner on its investment team, dig into stress in European chemicals. They discuss how geopolitics and energy shocks ramp up volatility. They debate state support, single-name risks like INEOS, asset-sale and covenant issues, and where distressed investors might find opportunities.


