How to prepare with distressed debt trading & research?
I am now preparing for a non-bank house's proprietary investing & trading house, which is seeking a NPL entry level investment analyst. Of course the analyst's job will be more about research, not trading, but he will also be supporting the firm's traders and PMs.
As a senior I have absolutely no experience about NPL or other distressed debts; my internship experiences are all about equities or commodities. What is worse, I am not good at Maths and Quant (is it important for distressed research or trading?). I am really interested in the firm and job but how can I prepare it in an efficient way? What text/website or books should I read? Should I learn using any special softwares other than Excel or VBA? If any experienced friends in distressed debts can tell me, I will be very grateful.