Wed, Apr 26, 2017
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. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  2. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  3. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  4. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  5. Opalesque Exclusive: WBB enters buy-side with new healthcare long/short strategy[more]

    Benedicte Gravrand, Opalesque Geneva: WBB Securities, a US financial services firm and boutique investment bank since 2001, has a long history within the biotech industry. Managing partner Steve Brozak has been associated with biotech for the last 25-30 years, and was involved with some of the mo