Wilbur L Ross - The King of Restructurings in the Kingdom of Vulture Funds



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Code :ENT0006

Year :
2004

Industry :Banking, Insurance and Financial Services

Region : USA

Teaching Note:Not Available

Structured Assignment :Not Available

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Abstract: Traditional security analysis and portfolio management literature proposes that the older you are the less risky your investments should be. But, Wilbur Ross a contrarian not only seemed to assume more risk as he aged but also produced better results. As a vulture fund advisor at Rothschild, he was involved in spectacular bankruptcies and turnarounds. At the age of 66 when his peers looked to retire, he started his own hedge fund and produced fantastic returns. At a time when the steel industry of US looked past its prime, he took up the challenge of reviving the industry. Though people called him 'man of steel’ or ‘king of bankruptcy’, he said he did what he was supposed to do. Among the hedge fund managers he used the less followed strategy of bringing companies back from bankruptcy. Not just the steel industry but also the future of textile and telecom seemed to be in the hands of this vulture fund manager

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Pedagogical Objectives:

  • To understand how Wilbur Ross produced fantastic returns by his revival strategies
  • To discuss his strategies as a vulture fund manager

    Keywords : Entrepreneurship Case Study, Wilbur Ross, Hedge fund, Vulture fund, Bankruptcy, Security analysis and portfolio management, Turnaround, Rothschild Inc, WLR Recovery Fund, Chapter 7, Chapter 11, International Steel Group, Burlington Industries, Nano Tex LLC, 360NetWorks, Securities and Exchange Commission

    Contents :
    » WILBUR L ROSS – 1937 TO 2000
    » ROSS’S STRATEGIES – 2000 TO 2003
    » THE FUTURE


    Case Introduction >>


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