Just curious if anyone has any case studies they could share from interviews/jobs, interested in distressed related case studies but open to any to practice.

work flow or process is mostly similar - quickly look through cap structure and see if anything is interesting, look at creation multiples, quality of assets, try to understand cash flows/debt waterfall, etc. but could sometimes depend on cases to cases. I'm not going to spend too much time looking at a tranche trading at 90c because of the limited upside and not too interesting risk/reward profile unless I think it's going to be interesting to note it in case it gets cheaper in the future or there's some legal/structural nuance to it with another tranche.

HF case studies?

Incoming Analyst in Other

Anonymous

Most of the distressed/event driven case studies I've been given are just along the lines of "here's a company XYZ. Go through cap structure and recommend any debt/equity security (or trade) you would invest in (if any) and how and why you think about the opportunity"

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Authored by: Certified Hedge Fund Professional - Investment AnalystCertified Hedge Fund Pro

Prospect in IB - Gen

Anonymous

Could you share a sample company?

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Escrow Agreement

Incoming Analyst in Other

Anonymous

event driven samples I can think of are DFRG/HPT. For distressed/special sits credit I had to do MGI/UNIT. You can literally pick any company you think is having a hard time right now and do that as a case study or maybe you think there's an event driven angle to some company. Doesn't matter if you actually come up with a recommendation or not, at least you will know how to walk through the cap structure, what to look at, how to value stuff, etc.

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