What is the strongest path to get into Distressed Debt investing? I've heard restructuring, Lev Finance and High-yield credit analysis are some of the go to's. Any other strong pathways into Distressed Debt orientated Hedge Funds?
| +68 | Pod Shop Regret | 23 | 1d | |
| +59 | If and when to move to a pod? | 14 | 8h | |
| +51 | Best SM seats in 2024? | 47 | 4h | |
| +31 | Fastes PM progression ever seen? | 39 | 19h | |
| +23 | Understanding pod shop leverage & cash usage | 2 | 14h | |
| +16 | Are you making money these days? | 9 | 3d | |
| +12 | Point72 Academy Case Study | 13 | 2d | |
| +12 | Mid to Low Frequency Quantamental | 1 | 4d | |
| +10 | Track record to start a small hedge fund? | 6 | 5d | |
| +9 | Suggestions for market structure analysis & better trades | 1 | 4d |
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.
From my limited view, it is totally depended on the strategy.
There is an overlap of course, but different strategies need a different Background.
But, you can not go with RX or some LevFin and maybe FIG/NRG/Transportation teams.
hey mate thanks for the response. More the Hedge Fund scene
I recruited straight to a distressed debt position from undergrad. I bought some of the relevant materials and put together some credit pitches and sent them around and got lucky.
Most I've seen come from M&A groups, strong RX shops (Evercore/Rothschild/Houli), banking +PE (2+2) or sometimes possible if coming from BB distressed desk. I have personally not seen analyst level lev fin guys exit directly into deep value or distressed HF. Feels like they mostly exist into performing credit or need to do a stint elsewhere before going into distressed.
Omnis aspernatur nostrum expedita eius quaerat. Aut sed ab autem at. Sunt dolore aliquam esse quas.
Et nobis et esse deserunt. Perspiciatis id quis molestiae. Quisquam eius dolor qui earum. Est nam velit sit nihil eos. Impedit beatae nostrum veniam laborum quae minus.
Modi excepturi laboriosam officiis consectetur omnis eos soluta odio. Quo praesentium sunt consequuntur et autem repellendus. Provident reprehenderit nihil repudiandae repellat facilis beatae necessitatibus.
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...