"A detailed look at the discipline of modern distressed investing. Investing in distressed securities/financially troubled credits is an approach that contains both great risk and opportunity. Occurrences from the recent credit crisis have changed this playing field immensely, not so much in...

Despite the fragility of authoritative governing institutions at the international level, the politi-cal capacity to deal with global risks is developing. The sense of legitimacy that will ultimately derive from a deeply transnational sense of shared fate continues to lag, but even in that...

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...