Where the Vultures Gather

By | 2017-07-17T12:21:17+00:00 June 19th, 2017|Global Market Update|

Where the Vultures Gather What is vulture investing? Turkey Vulture landing. Photo: Don DeBold. Source: Wikipedia Vulture investing is a way to profit from poor management. A vulture fund typically invests the debt of troubled firms, then seeks to convert that debt into equity. They can also invest in distressed sovereign debt, then use the courts to bring actions against the issuer to force some kind of recovery. The phrase “vulture capital” was originally coined as a derogatory term, meant to criticize investors who [...]