Structured Credit to Distressed Debt - possible?
Hello all - looking for some answers.
Junior undergrad, long term goal is distressed debt investing. I'll be working in structured credit in the coming summer. How often do people move from structured credit to this line of work (thinking GSO/Oaktree/york/etc)? Is it commonplace, and is the skill set transferable? I know that for my gig I'll be helping to invest in levered loans and other BB-CCC debt securities to build the CLOs, and the credit analysis can help with distressed debt; was wondering if anyone had more thoughts.
Not sure how many of these places take on analysts, didn't see that many when I was at a BB terminal.
Thanks for your time.
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