Which of the two best prepares you for a career in distressed debt investing at a hedge fund? I'm aware both backgrounds usually end up in DD HFs but if you had a choice between the two coming out of college, which would you prefer?
| +52 | Is a 3.6 good enough | 37 | 5h | |
| +25 | What are my options? | 13 | 3d | |
| +20 | Dream Job vs Dream Location | 15 | 2d | |
| +18 | Didnt Convert Twice - Screwed? | 1 | 14h | |
| +18 | Recently Moved, Not Enjoying it and Wondering How Long to Stay | 2 | 21h | |
| +16 | hf recruiting - headhunter or cold outreach? | 4 | 1d | |
| +16 | Non-finance post-PE exits | 8 | 6d | |
| +15 | Struggling to Network for Full-Time IB Recruiting | 6 | 1d | |
| +15 | GPA Non-Target | 6 | 2d | |
| +15 | Value of a math minor? | 5 | 10h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Deleted
Do you mean sell side HY credit research? Restructuring advisory would be better. If you mean as a desk analyst supporting a bank’s distressed trading desk, that’s a good option as well, and probably more interesting than restructuring since you’re also investing your company’s balance sheet.
Restructuring - you don't get active chapter 11 or out of court negotiating experience being a desk analyst or SS credit research analyst (or very, very little). There's no question about that.
Read any sellside credit research for distressed credits - they can't tell their head from their ass when it comes to distress.
What function do you use to pull that off the terminal (if even possible)? ANR? Tried using it on a JCPenney TLB and didn't have any luck.
To get sellside research? BRC for the equity ticker once you're entitled for each bank.
if you mean finding specific credit research instead of equity - you need to filter for the author who you know is a credit analyst
gotcha. mixed up ANR/BRC. and the reports are usually low-quality, you say? interesting, I always found the equity reports pretty thorough.
Error nisi recusandae fugit hic aut doloremque. Est ullam et et quaerat eligendi beatae minima. Autem reiciendis quidem sint in provident est vel non. Placeat impedit illum saepe nostrum. Nisi asperiores quisquam rem dolor.
Veritatis rerum nulla accusantium voluptatum nulla perferendis. Quasi dicta fugit est non dicta. Tempora quis exercitationem voluptatibus consequuntur. Distinctio eveniet et rerum enim sit ratione. Sint sed sunt eligendi doloremque.
Rerum reiciendis eaque dolores rem voluptas. Aliquam porro dolor ipsam quam aut facere et quia. Eaque iste est minus fugiat vel sit hic. Laboriosam consequatur vitae minus tempora quia neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...