Mon, Jan 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The art of vulture investing, a new book explains what being a vulture fund really means

Friday, February 01, 2013

Bailey McCann, Opalesque New York:

Vulture investors have been making a lot of news of late, and for those that might be interested in learning more about what a vulture fund really is, good news – there’s a book for you. George Schultze the CEO of Schultze Asset Management recently released a book entitled, The Art of Vulture Investing. The book offers a detailed account of how he made a career out of investing in troubled companies and what it takes to be successful. Schultze recently sat down with Opalesque TV to discuss the book, and his career.

"We do it a certain way, we short companies on their way into distress and into trouble. When they are in trouble, we focus more on their loans and their bonds that trade at a discount. And then after they have reorganized, we also invest in the equity of these companies, called post-reorganization equity," Schultze explains.

Schultze Asset Management has been working on this formula since it was founded 15 years ago. Schultze himself is a lawyer as well as a financial professional. His firm was involved with the Chrysler bankruptcy during the financial crisis and was dubbed one of the "Chrysler holdouts," by President Obama. He says that this experience was one of the catalysts that pushed him to write a boo......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r