Puzzling It Out: Distressed Credit Investing
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I still remember my first jigsaw puzzle. It was wooden and only had about eight pieces, but it was one of my favorite toys. On rainy days I can still recall the joy of working that puzzle, and the many that followed. Graduating from 50 pieces to 100 pieces to 1,000 pieces was milestone and a cause for celebration. If the puzzle had a lot of sky or ocean or other repeating patterns, so much the better.
KeywordsInterest Rate Hedge Fund Credit Market Investment Bank Mortgage Market
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