The Vulture Investors

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The Vulture Investors

Author : Hilary Rosenberg
Publisher : John Wiley & Sons
ISBN 13 : 0471361895
Total Pages : 422 pages
Book Rating : 4.4/5 (713 download)

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Book Synopsis The Vulture Investors by : Hilary Rosenberg

Download or read book The Vulture Investors written by Hilary Rosenberg and published by John Wiley & Sons. This book was released on 2000-02-07 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What kinds of investors actually choose to make their living by seeking out troubled companies and becoming mired in the complexities and contentiousness of a bankruptcy or out-of-court workout?" - Hilary Rosenberg (from The Vulture Investors) Welcome to the big-time, big-stress-and big-profit-world of vulture investing. From the eleventh-hour save of Donald Trump's casinos, to the tempestuous history of Wheeling-Pittsburgh Steel, to the rocky restructuring of the massive Revco discount drugstore chain, Hilary Rosenberg takes us on a fast-moving journey through some of the major bankruptcies of the 1980s and 1990s-and brings to life the infamous, talented arbiters at the heart of their recovery. Meet the so-called "vulture investors" who cast their sights on distressed concerns, buy out debt, and skillfully forge their way to rich returns. Quietly upstaging the flashier corporate tycoons and raiders of the previous decade, men like Leon Black, Ronald LaBow, Sam Zell, Talton Embry, and Martin Whitman have helped to make a more efficient market in this obscure sector of investment, and their success may even inspire the quickly evolving business cultures of Asia and Latin America. The vulture investors made their way to the forefront of American business during the troubled period when declaring bankruptcy became commonplace among debt-heavy companies. Buying out debt and seeing through the rehabilitation of companies as well-known as Sunbeam and Bloomingdale's, these unique players have changed the face of the distressed securities market. In her own animated, absorbing, and original style, Hilary Rosenberg creates thoroughly researched reenactments of the vultures' greatest exploits to offer an intriguing examination of their methods and their madness-and reveals the important role of these controversial characters in aiding worldwide economic recovery. Praise for The Vulture Investors "A lively account of the hardy band of investors who look for-and find-gold in capitalism's junk pile. Rosenberg not only tells their stories with captivating relish but weighs the overall economic impact of their exploits. This book is a valuable introduction to 1990s-style deal-making." - Chris Welles, Senior Editor, Business Week "In a tour de force of punchy business writing, Rosenberg dissects a little-known but increasingly common high-stakes financial game: preying on companies in distress. . . . The author relates these intricate, suspenseful narratives in a clear, lively style that always instructs and often amuses." - Publishers Weekly "Reads like a good suspense novel." - Library Journal

The Vulture Investors

Author : Hilary Rosenberg
Publisher : HarperCollins Publishers
ISBN 13 : 9780887306488
Total Pages : 422 pages
Book Rating : 4.3/5 (64 download)

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Book Synopsis The Vulture Investors by : Hilary Rosenberg

Download or read book The Vulture Investors written by Hilary Rosenberg and published by HarperCollins Publishers. This book was released on 1993 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: A senior editor at Institutional Investor presents vivid anecdotes of big-time investors, more than 75 candid and personal interviews with vulture investors who hold nothing back in their explanations of how they operate in their attempt to spin gold from the corporate rag.

The Art of Vulture Investing

Author : George Schultze
Publisher : John Wiley & Sons
ISBN 13 : 1118234731
Total Pages : 230 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis The Art of Vulture Investing by : George Schultze

Download or read book The Art of Vulture Investing written by George Schultze and published by John Wiley & Sons. This book was released on 2012-09-13 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: A detailed and compelling look at distressed securities investing in today’s market In the corporate world, “vulture” investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this market’s structural and legal complexities create greater inefficiencies than in other investment fields, it’s a style of investing that can make money during both booms and busts. While recent economic carnage has made opportunities for vulture investors, more convoluted bankruptcies, conflicts of interest, and even government intervention have made this arena harder to negotiate. Nobody understands this better than author George Schultze, founder of Schultze Asset Management. During his successful career as a vulture investor, he’s learned a number of lessons and developed an investment philosophy that has served him well. Now, in The Art of Vulture Investing, Schultze shares his valuable insights and experiences with you. Engaging and informative, this reliable guide offers a bird’s-eye into the opportunities and risks associated with vulture investing. And while it may not always be pretty, you’ll see exactly why this process is necessary for our economic ecosystem. Throughout this book, Schultze explains the theory and strategy of vulture investing in clear and lively prose, illustrating each concept with examples from his own varied experience that show how the landscape has changed in recent years. Offers valuable information on distressed securities investing since the 2007-2009 financial crisis Examines the opportunities and dilemmas for modern vulture investors Includes in-depth case studies of high-profile bankruptcies, including those of Chrysler Automotive and Tropicana Casinos and Resorts By its very nature, investing in distressed companies can be a complicated and risky business. But once the dust settles, these investments can yield extraordinary profits. The Art of Vulture Investing puts this discipline in perspective and shows you how to excel at this difficult, yet rewarding, endeavor.

The Vulture Investors

Author : Hilary Rosenberg
Publisher : John Wiley & Sons
ISBN 13 : 9780471361893
Total Pages : 426 pages
Book Rating : 4.3/5 (618 download)

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Book Synopsis The Vulture Investors by : Hilary Rosenberg

Download or read book The Vulture Investors written by Hilary Rosenberg and published by John Wiley & Sons. This book was released on 2000-02-07 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ein volatiler Markt bietet größere Chancen für den Handel mit unterbewerteten Aktien von Unternehmen mit Finanzproblemen. "The Vulture Investors" untersucht die obskure und dramatische Investion in finanzschwache Unternehmen und stellt die jeweiligen risikofreudigen Anleger vor, die sich auf diese Anlagemöglichkeit spezialisiert haben. Vor dem Hintergrund einiger großer Konkurse Ende der 80er und Anfang der 90er Jahre erläutert der Autor die Anlagetechniken dieser schillernden Spekulanten Schritt für Schritt. Er vermittelt dem Leser jedoch nicht nur deren Beweggründe und Methoden, sondern erklärt, wie wichtig diese Spekulanten für die Wiederbelebung der Konjunktur sind.

Angels, Dragons and Vultures

Author : Simon Acland
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis Angels, Dragons and Vultures by : Simon Acland

Download or read book Angels, Dragons and Vultures written by Simon Acland and published by . This book was released on 2010 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you an entrepreneur who's looking for funding, but daunted by the intricacies of venture capital? In this provocative and witty new book, learn about the inner workings of the venture capital industry and how its firms make their money. Discover how venture capitalists run their own businesses and the ways they can best help you run yours, as well as the alternatives to venture capital and how to make a successful exit.

Stop Vulture Fund Lawsuits

Author : Devi Sookun
Publisher : Commonwealth Secretariat
ISBN 13 : 9781849290081
Total Pages : 148 pages
Book Rating : 4.2/5 (9 download)

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Book Synopsis Stop Vulture Fund Lawsuits by : Devi Sookun

Download or read book Stop Vulture Fund Lawsuits written by Devi Sookun and published by Commonwealth Secretariat. This book was released on 2010 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook distils the key lessons on best practice in negotiating loan agreements, and responding to the activities of vulture funds - funds that buy up the debt of sovereign countries at a discount in the hope of making significant profit - for the benefit of all government officials who may have to deal with these issues.

Distressed Investment Banking

Author : Henry Furlow Owsley
Publisher : Beard Books
ISBN 13 : 1587982676
Total Pages : 236 pages
Book Rating : 4.5/5 (879 download)

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Book Synopsis Distressed Investment Banking by : Henry Furlow Owsley

Download or read book Distressed Investment Banking written by Henry Furlow Owsley and published by Beard Books. This book was released on 2005 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive work on the role of the investment banker in a troubled company situation.

Homewreckers

Author : Aaron Glantz
Publisher : HarperCollins
ISBN 13 : 0062869558
Total Pages : 448 pages
Book Rating : 4.0/5 (628 download)

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Book Synopsis Homewreckers by : Aaron Glantz

Download or read book Homewreckers written by Aaron Glantz and published by HarperCollins. This book was released on 2019-10-15 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: “[I] can’t recommend this joint enough. ... An illuminating and discomfiting read.” —Ta-Nehisi Coates "Essential reading." —New York Review of Books A shocking, heart-wrenching investigation into America’s housing crisis and the modern-day robber barons who are making a fortune off the backs of the disenfranchised working and middle class—among them, Donald Trump and his inner circle. Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: “I sort of hope that happens because then people like me would go in and buy,” he said. But our future president wasn’t alone. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize thousands of homes—their profiteering made even easier because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often used taxpayer money—and the Obama administration’s promise to cover their losses. In Homewreckers, Glantz recounts the transformation of straightforward lending into a morass of slivered and combined mortgage “products” that could be bought and sold, accompanied by a shift in priorities and a loosening of regulations and laws that made it good business to lend money to those who wouldn’t be able to repay. Among the men who laughed their way to the bank: Trump cabinet members Steve Mnuchin and Wilbur Ross, Trump pal and confidant Tom Barrack, and billionaire Republican cash cow Steve Schwarzman. Homewreckers also brilliantly weaves together the stories of those most ravaged by the housing crisis. The result is an eye-opening expose of the greed that decimated millions and enriched a gluttonous few.

Creating Value Through Corporate Restructuring

Author : Stuart C. Gilson
Publisher : John Wiley & Sons
ISBN 13 : 0470503521
Total Pages : 852 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Creating Value Through Corporate Restructuring by : Stuart C. Gilson

Download or read book Creating Value Through Corporate Restructuring written by Stuart C. Gilson and published by John Wiley & Sons. This book was released on 2010-04-05 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated look at how corporate restructuring really works Stuart Gilson is one of the leading corporate restructuring experts in the United States, teaching thousands of students and consulting with numerous companies. Now, in the second edition of this bestselling book, Gilson returns to present new insight into corporate restructuring. Through real-world case studies that involve some of the most prominent restructurings of the last ten years, and highlighting the increased role of hedge funds in distressed investing, you'll develop a better sense of the restructuring process and how it can truly create value. In addition to "classic" buyout and structuring case studies, this second edition includes coverage of Delphi, General Motors, the Finova Group and Warren Buffett, Kmart and Sears, Adelphia Communications, Seagate Technology, Dupont-Conoco, and even the Eurotunnel debt restructuring. Covers corporate bankruptcy reorganization, debt workouts, "vulture" investing, equity spin-offs, asset divestitures, and much more Addresses the effect of employee layoffs and corporate downsizing Examines how companies allocate value and when a corporation should "pull the trigger" From hedge funds to financial fraud to subprime busts, this second edition offers a rare look at some of the most innovative and controversial restructurings ever.

Distressed Debt Analysis

Author : Stephen G. Moyer
Publisher : J. Ross Publishing
ISBN 13 : 1932159185
Total Pages : 518 pages
Book Rating : 4.9/5 (321 download)

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Book Synopsis Distressed Debt Analysis by : Stephen G. Moyer

Download or read book Distressed Debt Analysis written by Stephen G. Moyer and published by J. Ross Publishing. This book was released on 2004-11-15 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing theoretical and practical insight, this book presents a conceptual, but not overly technical, outline of the financial and bankruptcy law context in which restructurings take place. The author uses numerous real- world examples to demonstrate concepts and critical issues. Readers will understand the chess-like, multi- move strategies necessary to achieve financially advantageous results.

Distress Investing

Author : Martin J. Whitman
Publisher : John Wiley & Sons
ISBN 13 : 0470117672
Total Pages : 277 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis Distress Investing by : Martin J. Whitman

Download or read book Distress Investing written by Martin J. Whitman and published by John Wiley & Sons. This book was released on 2009-04-13 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial innovation, new laws and regulations, and the financial meltdown of 2007–2008 are just a few of the forces that have shaped, and continue to shape, today's distress investment environment. Combine this with the fact that the discipline of distress investing doesn't always follow what conventional wisdom says, and you can see why it is one of the most challenging areas in finance. Nobody understands this better than Martin Whitman—the legendary founder of Third Avenue Management LLC and a pioneer in the field of distressed markets—and leading academic Dr. Fernando Diz of Syracuse University. That's why they decided to write Distress Investing. As an outgrowth of annual distress and value investing seminars the two have taught together at Syracuse University's Martin J. Whitman School of Management, this reliable resource will help you gain a better understanding of the essential principles and techniques associated with distress investing and show you how to effectively apply them in the real world. Divided into four comprehensive parts—the General Landscape of Distress Investing, Restructuring Troubled Issuers, the Investment Process, and Cases and Implications for Public Policy—this book comprehensively covers the practice of buy-and-hold investing in distressed credits, whether it be performing loans or the reinstated issues of a reorganized issuer. From the recent changes to U.S. bankruptcy code and creditor rights to cash bailouts, you'll quickly learn how to analyze distressed situations such as pricing issues, arbitrage opportunities, tax disadvantages, and the reorganization of funding plans. Along the way, case studies of both large and small distress investing deals—from Kmart to Home Products International—will give you a better perspective of the business. Critical topics addressed throughout these pages include: Chapter 11 bankruptcy and why it's not considered an ending, but rather a beginning when it comes to distress investing The "Five Basic Truths" of distress investing The difficulty of due diligence for distressed issues Distress investing risks—from reorganization risk to risk associated with the alteration of priority of payments in bankruptcy Valuing companies by both going concern as well as their resource conversion attributes In today's turbulent economic environment, distress investing presents some enticing opportunities. Put yourself in a better position to excel at this endeavor with Distress Investing as your guide.

Alternative Investments

Author : Donald R. Chambers
Publisher : John Wiley & Sons
ISBN 13 : 1119604176
Total Pages : 928 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis Alternative Investments by : Donald R. Chambers

Download or read book Alternative Investments written by Donald R. Chambers and published by John Wiley & Sons. This book was released on 2020-03-16 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alternative Investments: CAIA Level I, 4th Edition is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook.

The Vulture Fund

Author : Stephen W. Frey
Publisher : E P Dutton
ISBN 13 : 9780525939863
Total Pages : 378 pages
Book Rating : 4.9/5 (398 download)

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Book Synopsis The Vulture Fund by : Stephen W. Frey

Download or read book The Vulture Fund written by Stephen W. Frey and published by E P Dutton. This book was released on 1996 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wall Street investment banker Mace McLain takes over the management of a new investment fund founded on the belief that the economy is going to crash and, in the process, discovers a high-level political plot that threatens the United States. 150,000 first printing. $150,000 ad/promo.

The Vulture Fund

Author : Stephen W. Frey
Publisher : Ballantine Books
ISBN 13 : 0593160169
Total Pages : 382 pages
Book Rating : 4.5/5 (931 download)

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Book Synopsis The Vulture Fund by : Stephen W. Frey

Download or read book The Vulture Fund written by Stephen W. Frey and published by Ballantine Books. This book was released on 2020-03-24 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A fast-paced thriller—action, adventure, romance, even a morality tale. Frey touches all the bases in this fast-paced thriller that combines Robert Ludlum with Barbarians at the Gate.”—Newark Star-Ledger “Ruthless financial terror.”—Chicago Tribune Mace McLain is the hottest young gun at Wall Street's last great independent baking firm. Now he's just been named co-manager of a multibillion-dollar "vulture fund," an ultra-risky real estate scheme preying on naïve investors. The powerful senior partner is willing to bet the bank on it. So is Kathleen Hunt, a gorgeous investment banker with high-level contacts. What do they know that he doesn't? With the help of a beautiful graduate student named Rachel Sommers, McLain follows a bizarre trail that stretches from the jungles of Latin America to Washington and the secret councils of the CIA . . . where deception shadows his ever move—and where even the most irrefutable evidence can't diminish his deadly risk. . . .

The Caesars Palace Coup

Author : Sujeet Indap
Publisher : Diversion Books
ISBN 13 : 1635766761
Total Pages : 282 pages
Book Rating : 4.6/5 (357 download)

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Book Synopsis The Caesars Palace Coup by : Sujeet Indap

Download or read book The Caesars Palace Coup written by Sujeet Indap and published by Diversion Books. This book was released on 2021-03-16 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG—in the midst of the post-Great Recession slump—had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars’ hedge fund lenders and bondholders had scooped up the company’s paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs—if they could just stop their own infighting. These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society—and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.

A Traitor to His Class

Author : Hilary Rosenberg
Publisher : John Wiley & Sons
ISBN 13 : 9780471174486
Total Pages : 406 pages
Book Rating : 4.1/5 (744 download)

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Book Synopsis A Traitor to His Class by : Hilary Rosenberg

Download or read book A Traitor to His Class written by Hilary Rosenberg and published by John Wiley & Sons. This book was released on 1999-01-04 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert A. G. Monks, Sohn einer privilegierten, wohlhabenden Familie, nutzte seinen Status, um einen Guerillakrieg gegen die Großindustrie zu führen. Als messerscharfer Geschäftsmann und engagierter Bürger kämpfte Monks gegen die größten US-Konzerne, wie z.B. Sears, Kodak und Honeywell. Er gründete und unterstützte die Aktionärs-Aktivistenbewegung, die heute wesentlicher Bestandteil der Geschäfts- und Unternehmenspraxis ist. Eine sensationelle Biographie, für die Monks dem Autor Einsicht in private Notizen, Briefe und Reden gewährte. (01/99)

Private Equity and Venture Capital in Europe

Author : Stefano Caselli
Publisher : Academic Press
ISBN 13 : 9780080962948
Total Pages : 368 pages
Book Rating : 4.9/5 (629 download)

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Book Synopsis Private Equity and Venture Capital in Europe by : Stefano Caselli

Download or read book Private Equity and Venture Capital in Europe written by Stefano Caselli and published by Academic Press. This book was released on 2009-11-20 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distinctive nature of the European pe/vc environment is on display in Stefano Caselli’s presentation of its complete conceptual framework, from the volatile (its financial side) to the stable (its legal organization). A Bocconi University professor, Caselli offers a European perspective on market fundamentals, the v.c. cycle, and valuation issues, supporting his observations with recent examples and case studies. Written for investors, his book achieves many "firsts," such as clarifying many aspects of EU and UK financial institutions. Complete with finding aids, keywords, exercises, and an extensive glossary, Private Equity and Venture Capital in Europe is written not just for Europeans, but for everybody who needs to know about this growing market. Only book that provides a comprehensive treatment of PE/VC in UK/Europe, ideal for European business schools teaching professionals or pre-professionals who will work in Europe Provides a complete analysis of the EU versus US in all areas of PE/VC Contains cases and theory, providing both in one package Filled with pedagogical support features