But so-called vulture investors
saw an opportunity to make even larger profits.
On the other hand, firms having hedge funds among their investors show comparable results to those with other vulture investors
, such as private equity funds.
Despite the efforts of a handful of highly litigious vulture investors
, we have successfully implemented the concurso plan, thus beginning a new era for Vitro.
One source said MLB is holding up trading in the loans because of concerns that vulture investors
will snap up the debt and force the team into bankruptcy -- just like they did last year to the Texas Rangers.
Istithmar had been planning to convert the site's 300,000-square-foot office building back into a high-end hotel, and now that Dubai is out of the picture, vulture investors
are reportedly chomping at the bit to take the helm at a steep discount.
They see the vulture investors
as recklessly wiping out the workers' pension plans, all the while knowing that the PBGC will bail them out and raise premiums on companies playing by the rules to make up the difference.
major market crashes leaving tasty corporate road kill for vulture investors
While hedge funds are often viewed as predatory, and perceived to have predatory intentions if they buy a big stake in a company, "actually hedge funds are less vulture investors
than they are value investors," Easter ling said.
Braunschek estimated 12 to 14 months, and added that, despite the circling of vulture investors
, "you won't see the deep discounts of the congregate care days.
may be funds such as Oaktree Capital Management and Whippoorwill Associates, which raise capital primarily from institutional investors for investment, or the distressed securities arm of investment firms such as Donaldson Lufkin & Jenrette and Warburg Dillon Read, which take positions for in-house investment purposes.
A more charitable view holds that by consolidating large blocks of debt, vulture investors
facilitate restructurings by reducing the number of claimholders, thus reducing the creditors' coordination problem.
Rather, it is being generated by strategic investors, real estate vulture investors
, REITs, pension funds, wealthy individuals and foreign investors, all of whom expect high returns on their capital.