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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......................

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