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monkey147's picture

Distressed Investing

by monkey147 (Monkey, 44 Banana Points Points) on 9/23/08 at 6:24pm

Hey guys, I have been seeing some interest in counter-cyclical investing like distressed investing.

http://dealbook.blogs.nytimes.com/2008/09/17/distressed-investor-sees-po...

Does anyone out there have a sense of what the "good" shops are? What shops would you want to work for out of undergrad? Out of 2 years banking?

Thanks

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monkey147's picture

Also, what about Alternative

by monkey147 (Monkey, 44 Banana Points Points) on 9/23/08 at 6:24pm

Also, what about Alternative Investment places within the banks? like MS alternative investments...

bkm125's picture

Silver Point Capital

by bkm125 (Baboon, 134 Banana Points Points) on 9/23/08 at 6:27pm

My friend just went from Goldman to Silver Point Capital. They're a solid shop that invests in distressed debt in order to convert to equity. It's cool beacuse it's like a hedge fund and a PE shop in one.