Hedge Fund Strategies>Distressed Securities
Distressed Securities:
A financial instrument in a company that is near or
is currently going through bankruptcy. This usually results from a
company's inability to meet its financial obligations. As a result, these
financial instruments have suffered a substantial reduction
in value. Distressed securities can include common and preferred shares,
bank debt, trade claims (goods owed), and corporate bonds.
Introduction
to Distressed Securities Investing
Some institutional investors are barred from investing in distressed securities.
magnum.com
Barclay
Distressed Securities Index
The Barclay Group tracks over 5000 hedge fund and managed futures investment programs
worldwide.
barclaygrp.com
CISDM Distressed
Securities Index
Center for International Securities and Derivatives Markets
umass.edu