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The Art of Vulture Investing: Adventures in Distressed Securities Management
A detailed and compelling look at distressed securities investing in todays market In the corporate world, vulture investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this markets structural and legal complexities create greater inefficiencies than in other investment fields, its a style of investing that can make money during both booms and busts. While recent economic carnage has made opportunities for vulture investors, more convoluted bankruptcies, conflicts of interest, and even government intervention have made this arena harder to negotiate. Read more