PROFESSIONALS OF “DISTRESSED investing” is an unique Wall road type: bottom-fishers with steel constitutions and a penchant for rushing into fire product sales. Like short-sellers, they are generally despised since they prey regarding the weak–companies and people whom made bad wagers or have in over their minds. “troubled investor” are just a sanitized type of less flattering terms from bygone Wall road eras: vultures, grave dancers, robber barons.
One of the robber barons associated with millennium that is new few is since secretive–or as loathed or as successful–as John Grayken of Lone celebrity Funds. The 59-year-old debuts from the FORBES Billionaires list with a web worth of $6.3 billion, creating him the second-wealthiest equity that is private in the field, behind Blackstone’s Stephen Schwarzman. Continue reading “The Billionaire Banker Within The Shadows”