Comments on: Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

By: M&I - Brian

M&I - Brian — Wed, 24 Apr 2024 14:57:08 +0000

In reply to Mike. They will definitely expect you to know something about credit, bond math, and LBO models, but you don't necessarily need to know distressed/restructuring modeling in-depth (e.g., how to model different capital structures and recommend the best one or model a RX-specific deal). Model practices vary widely by group/firm, but hedge funds will generally expect you to be able to pick up the basics quickly and work independently from there.

By: Mike

Mike — Mon, 15 Apr 2024 16:19:48 +0000

For distressed debt interviews, how in-depth is the modeling expected to be? Also, on the job if you’re an associate, are you expected to build how full models right away or they gradually work your way into it?

By: M&I - Brian

M&I - Brian — Fri, 10 Nov 2023 02:16:13 +0000

In reply to Florian. You could do it from either one, but restructuring probably gives you at least a slight advantage over a distressed debt desk.

By: Florian

Florian — Tue, 07 Nov 2023 18:58:33 +0000

Do you think it would be harder to break in from a Global Markets background if you are on a distressed debt desk vs. financial restructuring analyst at a global boutique?

By: M&I - Brian

M&I - Brian — Sun, 17 Sep 2023 17:25:40 +0000

In reply to AAAA. Thanks, you're right. York's distressed fund seems to have wound down. Corrected this in the article.

By: AAAA

AAAA — Sun, 17 Sep 2023 01:09:23 +0000

To my knowledge, York is no longer active in the distressed space.