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Credit Hedge Funds: Full Guide to the Industry, Strategies, Recruiting, and Careers

Brian DeChesare

Often, they aim to profit from macro moves such as changing interest rates while hedging company-specific risk. These funds tend to favor distressed or stressed bonds and attempt to profit via fundamental changes in the issuer’s credit profile while hedging interest-rate risk. The Top Credit Hedge Funds.

Equity 52
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M&A Terms Every Business Owner Should Know

Class VI Partner

To compute the enterprise value, the free cash flows are discounted back to present value at a rate that reflects the risk as estimated by the buyer or seller (which rates will often differ based on their respective assessments of the level of risk in a company).