#21 Cuddling the Vultures

Hedge funds and private equity groups have been equated as the vultures of the animal kingdom of business. In that respect they are an important part of the business ecosystem even if their taste and tactics make our stomachs turn. Investing in distress is not only risky but at times very profitable as it allows Equity and hedge fund groups to establish risky, leveraged and lucrative positions. In these days of cheap credit and low risk spreads there are still surprisingly tasty meals for daring vultures. Read the full article at the Economist .