Distressed securities


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Distressed securities

A security of a firm that has declared or is about to declare bankruptcy. In the context of hedge funds, a style of management that focuses on securities of companies that have declared bankruptcy and may be undergoing reorganization. Investment holdings can include bonds as well as stock in these firms.

Distressed Security

A security in an unprofitable company, or in a company believed to be unprofitable. This is considered to be a high-risk security with the potential for high return because financial distress often precedes corporate restructuring. This may make the company profitable very rapidly. On the other hand, the potential for default is very high.
References in periodicals archive ?
It manages assets for hundreds of clients worldwide with a particular emphasis on distressed securities and special-situation investments.
Santry will manage the firm's distressed and special situations trading effort, which includes the sales and trading of distressed corporate bonds, leveraged loans, special situations and other distressed securities.
Jefferies' broader fixed income business now has more than 500 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.
The downgrades are the result of a revision of Fitch's rating methodology for distressed securities.
and European government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.
Before that, he co-founded and managed Merrill Lynch Asset Management's first non-investment grade loan fund, which he helped grow to $14 billion in assets across funds focused on senior debt, high yield and distressed securities.
and European government and agency securities, municipal bonds, mortgage- and asset-backed securities, repo finance, whole loans, leveraged loans, distressed securities and emerging markets debt.
and European government and agency securities, municipal bonds, repo finance, whole loans, leveraged loans, distressed securities and emerging markets debt.
These additions enhance the firm's leading capabilities in the sales and trading of distressed corporate bonds and loans, special situations and other distressed securities.
is a Greenwich, Connecticut-based private equity and distressed securities firm focused on investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach.
Jefferies' broader fixed income business now has nearly 525 professionals globally focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.
Jefferies' broader fixed income business now has nearly 525 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.