Can someone shed some light on Distressed/Special Sits funds?

Currently thinking about where exactly I want to recruit, and distressed/special sits/event driven stuff seems really interesting to me. There's honestly not much on this site about how day-to-day life is at some of these funds, so if someone could shed some light on these funds, that would be awesome. 

also interested in RX IB and general investing roles fwiw

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