Alternative Investments
Special Situations Investing: How Accredited Investors Access Distressed Deals
Oaktree Capital generated 18-23% gross IRR over 30 years. Elliott Management delivered 14.1% compound annual returns with lower volatility than the S P 500. Roughly $900 billion in US high-yield debt
Jeff Barnes, MBA··7 min read
Alternative Investments
Distressed Debt Investing: What Happens When You Buy Bonds at 40 Cents
TL;DR Distressed debt means buying bonds or loans trading below 80 cents on the dollar (or yielding 1,000+ basis points over Treasuries) from forced sellers who need cash more than they need price.
Jeff Barnes, MBA··10 min read