I'm f***ing in, you're f***ing out
Hey guys. Kenny F'in Powers, Chartered F'in Analyst, here. I've been away for a while getting my sh*t straight in Mexico/starting a new job. I missed a lot of PMs and forum discussions while I was busy, and I apologize for anyone who never heard back from me in the last few months. But now I'm here, and I'm ready to teach you all how to love a woman and scold a child.
To summarize:
I've been a credit analyst for about 3 years now, first at a small fund and now at a large multi-strat fund. I've focused mostly on high-yield and distressed with some mezz and structured experience as well.
I'm open to questions about whatever people want to ask about but will prioritize stuff that's not been asked and answered a million times in other Q&As. I will do my best to get back in <24 hours; if it goes longer I apologize in advance.






Giving you one banana just to
Giving you one banana just to get things rolling and because these threads are always incredibly helpful.
A lot of people do certain things to add days to their life. I do things to add life to my days.
what's the difference between
what's the difference between high yield and distressed?
I play real sports, not try
I play real sports, not try to be the best at exercising
what firm did yours lose
what firm did yours lose money to the most?
Good to have you back. I'm
Good to have you back. I'm sure it was a great honor for all of those Mexican baseball players to play with a Real American hero like you.
BTW, what do you think of New York?
I thought you were dead!?
I thought you were dead!?
See my WSO blog
Good to have you back. For
Good to have you back.
For credit analyst interviews that you've taken or given, what were they like in terms of kinds of questions, etc? For any credit analyst interviews that you've given, what qualities or skills were you looking for?
With regards to distressed, how much involved did you get as a credit analyst on the bankruptcy details, or is that left to the more lawyery types at your fund?
Btw, your SB to MS ratio is straight up ridiculous - well done, sir.
And I think it's gonna be a long, long, time
Do you guys have a London
Do you guys have a London office?
if you like it then you shoulda put a banana on it
what are the top 5 ways to
what are the top 5 ways to "love a woman" ?
WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.
2013 WSO Conference
Welcome back, seen your posts
Welcome back, seen your posts around and they're always money.
My only question is, can I wear the Scream mask when I'm doing you from behind?
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
Can you discuss how exit ops
Can you discuss how exit ops compare to that of a banker? Specifically, how do PE firms and l/s hedge funds view credit analysis?
Is credit analysis at a
Is credit analysis at a commercial bank an acceptable way to break into credit analysis on the investments side? Currently a graduate looking to break into credit analysis. Also, would taking a credit risk analyst position look favorable???
Appreciate the reply in advance.
-Khatar
Kenny, you used to be a big4
Kenny, you used to be a big4 guy, right? How feasible is the move from big4 restructuring directly to a credit fund? I've also got a year of corporate credit under my belt.
Realistically, would this require Bschool?
I'm also interested in answers to Going Concern's questions.
Same question as Cries. And
Same question as Cries.
And why did you chose distressed debt instead of L/S equity or event driven ?
How much of your time is
How much of your time is spent reading indentures, facility agreements, term sheets and looking at covenants and how much of your time is spent on modelling the actual companies you look at? Do you guys use credit ratings from the agencies or use your own internal rating system? Also, how do you guys determine recoveries, just use a distressed leveal of EBITDA and a multiple to arrive at an EV value and spread it across the capital strcuture?
Thanks for this.
First
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
I have been interested in FI
*doubleposted.
Kenny_Powers_CFA: Credit
And I think it's gonna be a long, long, time
Kenny_Powers_CFA: First
How did you make the move
WSO User Guidelines
WSO Interview Guides
What did you do before moving
Welcome back, man.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
Good to see you around again
Who are the must read
Are you able to break into a
how does comp compare to PE
Next batch: Oreos: Some say
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
Third batch: Boreed: How
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
Where can you find a debt
West Coast rainmaker: Where
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
How do you scan for potential
Oreos: How do you scan for
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
Kenny_Powers_CFA: Oreos: Ho
Oreos: Kenny_Powers_CFA:
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
How does idea generation work
valueisoverrated: How does
And I think it's gonna be a long, long, time
curious as well
Hey guys sorry to drop the
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
Kenny_Powers_CFA: Hey guys
So we do have different
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
A follow up on the investment